secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K/A
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001214659-23-007416
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923007416/0001214659-23-007416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923007416/b5172328ka1.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-007416

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer