---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-006372"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:25:20.140244+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance enters $40M financing from affiliate via convertible preferred and warrants

## Summary
- Up to $40M from Ault & Company via 40,000 shares of Series C convertible preferred stock at $1,000 stated value each.
- Conversion price floored at $0.10, with full ratchet anti-dilution; warrants for up to 400M common shares at $0.10, 5-year term.
- Preferred shares pay 9.5% annual dividend; Company may pay in common stock for first two years.
- Proceeds to repay debt, expand Bitcoin mining facilities, and for working capital.
- Closing expected by May 31, 2023, subject to customary conditions and A&C obtaining sufficient financing.

## SEC filing metadata
- accession: 0001214659-23-006372
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923006372/0001214659-23-006372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923006372/aa512308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-006372
- JSON: https://secwatch.observer/filing/0001214659-23-006372.json
- Plain text: https://secwatch.observer/filing/0001214659-23-006372.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. entered into Securities Purchase Agreement with Ault & Company, Inc. valued at up to $40,000,000.00 (effective 2023-05-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Ault & Company, Inc.
  - Value: up to $40,000,000.00
  - Effective: 2023-05-01
  source text: On May 1, 2023 (the “ Execution Date ”), Ault Alliance, Inc., a Delaware corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ Agreement ”) with Ault & Company, Inc., a Delaware corporation (the “ Purchaser ”), pursuant to which the Company agreed to sell to the Purchaser up to 40,000 shares of Series C convertible preferred stock (the “ Series C Convertible Preferred Stock ”), and warrants (the “ Series C Warrants ”) to purchase shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”) for a total purchase price of up to $40,000,000.00 (the “ Financing ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923006372/0001214659-23-006372-index.htm

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