secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001214659-23-008502
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance enters $10M credit facility with affiliate Ault & Co. at 9.5% interest
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- Unsecured non-revolving credit facility up to $10M; advances due within 5 business days of lender demand.
- Interest rate of 9.5% per annum; prepayment permitted without penalty.
- Prior $650K loans from A&C are consolidated into this new facility and cancelled.
- Lender (Ault & Company) is an affiliate of the company; advances not required after Dec 8, 2023.
- Facility documented under a Loan Agreement dated June 8, 2023; proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923008502/0001214659-23-008502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923008502/j6132318k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-008502

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