---
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"
generated_at: "2026-06-17T09:54:53.342318+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance issues 100,000 preferred shares to convert $8.4M notes; conversion at 85% discount with $0.10 floor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-004507
- JSON: https://secwatch.observer/filing/0001214659-23-004507.json
- Plain text: https://secwatch.observer/filing/0001214659-23-004507.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. entered into Securities Purchase Agreement with certain institutional investors (effective 2023-03-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Effective: 2023-03-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923004507/0001214659-23-004507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.