---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-007416"
form_type: "8-K/A"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:56:23.599254+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance files 8-K/A providing legal opinion for $10M convertible preferred placement

## Summary
- Issued 100,000 shares of Series E/F/G convertible preferred stock with $100 stated value per share (total $10M).
- Conversion price at 85% of prior day's closing, floor $0.10; limited to 275,779 shares due to NYSE American 19.99% cap.
- After 1-for-300 reverse split, each preferred share converts into approx. 3.33 common shares; aggregate up to 333,333 shares.
- Prospectus supplement filed May 17, 2023 for resale of conversion shares under effective shelf registration statement.
- Amendment No. 1 solely adds legal opinion of Olshan Frome Wolosky LLP regarding legality of conversion shares.

## SEC filing metadata
- accession: 0001214659-23-007416
- form_type: 8-K/A
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923007416/0001214659-23-007416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923007416/b5172328ka1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-007416
- JSON: https://secwatch.observer/filing/0001214659-23-007416.json
- Plain text: https://secwatch.observer/filing/0001214659-23-007416.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. entered into Purchase Agreement with two institutional investors valued at an aggregate of 100,000 shares of its preferred stock, with each such share having a stated value of (effective 2023-03-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: two institutional investors
  - Value: an aggregate of 100,000 shares of its preferred stock, with each such share having a stated value of
  - Effective: 2023-03-28
  source text: On March 28, 2023, Ault Alliance, Inc. (the “ Company ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with two institutional investors (the “ Investors ”), pursuant to which the Company agreed to issue and sell, in a private placement, an aggregate of 100,000 shares of its preferred stock, with each such share having a stated value of $100.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923007416/0001214659-23-007416-index.htm

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