secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001214659-23-009826
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance amends loan agreement, borrows additional $8.83M; total debt $24.33M
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- Borrowed additional $8.83M via amended notes; total principal $24.33M.
- Interest 8.5% p.a., maturity May 7, 2024; monthly payments $750K rising to $1.13M.
- New subsidiary BNI Montana joined as borrower; additional collateral including 19,389 Pro Antminers.
- Restructuring fee $200K and legal fees $50K paid; Circle 8 Holdco pledged as collateral.
- Borrowers may defer monthly payment with $165K fee, limited to 6 deferrals, non-consecutive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923009826/0001214659-23-009826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923009826/j7192338k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-009826

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