secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001214659-23-010730
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance exchanges preferred shares and demand notes for $10.5M new secured notes, assigns to affiliate Ault & Co
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923010730/0001214659-23-010730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923010730/s822308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-010730

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