{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-004507","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2023-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.469377+00:00","generated_at":"2026-06-17T09:54:53.342318+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ault Alliance issues 100,000 preferred shares to convert $8.4M notes; conversion at 85% discount with $0.10 floor","bullets":["Issued 83,000 Series E, 1,000 Series F, and 16,000 Series G preferred shares at $100 stated value each.","Series E and F purchase price paid by canceling $8.4M secured promissory notes; Series G for accrued interest.","Each preferred share convertible into common at 85% of prior day's closing price, floor $0.10, after stockholder approval of reverse split.","Investors get option to purchase $4.95M convertible note for $4.2M within 90 days after first conversion.","Company to call special meeting for reverse split amendment; Series F shares get 100,000 votes per share on the proposal."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-004507","json":"https://secwatch.observer/filing/0001214659-23-004507.json","markdown":"https://secwatch.observer/filing/0001214659-23-004507.md","text":"https://secwatch.observer/filing/0001214659-23-004507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465923004507/0001214659-23-004507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465923004507/r3302318k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T09:54:53.342318+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c95bb7eb1929297fdf9d621f6d8f4918b1760646","claim":"Hyperscale Data, Inc. entered into Securities Purchase Agreement with certain institutional investors (effective 2023-03-28).","evidence_excerpt":"On March 28, 2023, Ault Alliance, Inc., a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors (the “ Investors ”), pursuant to which the Company agreed to issue and sell, in a private placement (the “ Offering ”), an aggregate of 100,000 shares of its preferred stock, with each such share having a stated value of $100.00 and consisting of (i) 83,000 shares of Series E Convertible Preferred Stock (the “ Series E Preferred Stock ”), (ii) 1,000 shares of Series F Convertible Preferred Stock (the “ Series F Preferred Stock ”) and (iii) 16,000 shares of Series G Convertible Preferred Stock (the “ Series G Preferred Stock ” and collectively, the “ Preferred Shares ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923004507/0001214659-23-004507-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Effective","value":"2023-03-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}