{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-010730","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.956967+00:00","generated_at":"2026-06-12T10:37:36.274072+00:00","sec_items":["1.01","1.03","3.02","3.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ault Alliance exchanges preferred shares and demand notes for $10.5M new secured notes, assigns to affiliate Ault & Co","bullets":["Investors exchanged all Series E/F/G preferred shares and $1.78M demand notes for two 10% Secured OID Notes totaling $10,544,832.","Company assigned the Exchange Notes to related party Ault & Company, Inc. effective August 3, 2023.","Company and Executive Chairman Milton C. Ault III guaranteed full payment of A&C's obligations under the Exchange Notes.","Exchange eliminates preferred equity and demand notes, creating $10.5M direct debt obligation with related party guarantee."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-010730","json":"https://secwatch.observer/filing/0001214659-23-010730.json","markdown":"https://secwatch.observer/filing/0001214659-23-010730.md","text":"https://secwatch.observer/filing/0001214659-23-010730.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465923010730/0001214659-23-010730-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465923010730/s822308k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T10:37:36.274072+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"09c97fe1ca8d1ea88916f0193d8cf0c94203db49","claim":"Hyperscale Data, Inc. entered into Exchange Agreement with Institutional Investors valued at Exchanged all Preferred Shares and Demand Notes for two new 10% Secured OID Promissory Notes with ag (effective 2023-08-03).","evidence_excerpt":"The Company and the Investors entered into an Exchange Agreement (the “ Exchange Agreement ”) dated July 28, 2023 but effective as of August 3, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923010730/0001214659-23-010730-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Institutional Investors"},{"label":"Value","value":"Exchanged all Preferred Shares and Demand Notes for two new 10% Secured OID Promissory Notes with ag"},{"label":"Effective","value":"2023-08-03"}],"fact_type":"material_agreement"},{"claim_id":"1bffe214b8eeac654608cd2b1feaf9601706a8e7","claim":"Hyperscale Data, Inc. entered into Assignment Agreement with Ault & Company, Inc. valued at Company assigned the Exchange Notes to A&C (effective 2023-08-03).","evidence_excerpt":"The Company and Ault & Company, Inc., a Delaware corporation and a related party to the Company (“ A&C ”), entered into an Assignment Agreement (the “ Assignment ”) dated July 28, 2023 but effective as of August 3, 2023, whereby the Company assigned the Exchange Notes to A&C.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923010730/0001214659-23-010730-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Ault & Company, Inc."},{"label":"Value","value":"Company assigned the Exchange Notes to A&C"},{"label":"Effective","value":"2023-08-03"}],"fact_type":"material_agreement"},{"claim_id":"bcfd02537524b6edb0ea237115b67d5ee9351cb3","claim":"Hyperscale Data, Inc. entered into Guaranty with Ault & Company, Inc. and Institutional Investors valued at Company guaranteed full payment of A&C's obligations under the Exchange Notes (effective 2023-08-03).","evidence_excerpt":"the Company signed a guaranty dated July 28, 2023 but effective as of August 3, 2023, guaranteeing the full payment of A&C’s obligations under the Exchange Notes (the “ Guaranty ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923010730/0001214659-23-010730-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Ault & Company, Inc. and Institutional Investors"},{"label":"Value","value":"Company guaranteed full payment of A&C's obligations under the Exchange Notes"},{"label":"Effective","value":"2023-08-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}