8-K/A
filed August 16, 2023, 7:59 PM ET
ticker GPUS
CIK 0000896493
debt
confidence high
sentiment neutral
materiality 0.60
Hyperscale Data, Inc. (GPUS): debt financing — Ault Alliance assigns $10.5M Exchange Notes to related party A&C, issues demand note
Hyperscale Data, Inc.
- Amended 8-K filed Aug 16, 2023 to disclose A&R Assignment effective Aug 3, 2023.
- Ault Alliance assigned two 10% Secured OID Notes ($10,544,832 aggregate) to Ault & Company (related party).
- As consideration, Ault Alliance issued a 10% demand promissory note for the same $10,544,832 to A&C.
- Ault Alliance also guaranteed A&C's obligations under the Exchange Notes via a separate guaranty.
- Milton C. Ault, III (Executive Chairman) executed a similar guarantee; this is a related-party transaction.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hyperscale Data, Inc. incurred guarantee with A&C and the Investors.
- Instrument
- guarantee
- Counterparty
- A&C and the Investors
- Event
- incurrence
Exact text from the filing
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
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hyperscale Data, Inc. incurred senior notes of $10,544,832 with institutional investors at 10% Secured OID Promissory Notes.
- Instrument
- senior notes
- Principal
- $10,544,832
- Counterparty
- institutional investors
- Rate
- 10% Secured OID Promissory Notes
- Event
- incurrence
Exact text from the filing
each with a principal face amount of $5,272,416 as of July 28, 2023 for an aggregate of amount owed of $10,544,832 (the “ Principal Amount ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hyperscale Data, Inc. entered into Exchange Agreement with the Investors (effective 2023-07-28).
- Action
- entry
- Counterparty
- the Investors
- Effective
- 2023-07-28
Exact text from the filing
The Company and the Investors entered into an Exchange Agreement (the “ Exchange Agreement ”) dated July 28, 2023 but effective as of August 3, 2023
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hyperscale Data, Inc. entered into A&R Assignment with A&C (effective 2023-08-10).
- Action
- entry
- Counterparty
- A&C
- Effective
- 2023-08-10
Exact text from the filing
The Company and A&C entered into the A&R Assignment dated August 10, 2023 but effective as of August 3, 2023, whereby the Company assigned the Exchange Notes to A&C
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hyperscale Data, Inc. entered into Guaranty with A&C and the Investors (effective 2023-07-28).
- Action
- entry
- Counterparty
- A&C and the Investors
- Effective
- 2023-07-28
Exact text from the filing
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 ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hyperscale Data, Inc. entered into Exchange Notes with the Investors valued at aggregate of amount owed of $10,544,832 (effective 2023-07-28).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- the Investors
- Value
- aggregate of amount owed of $10,544,832
- Effective
- 2023-07-28
Exact text from the filing
for two new 10% Secured OID Promissory Notes (the “ Exchange Notes ”), each with a principal face amount of $5,272,416 as of July 28, 2023 for an aggregate of amount owed of $10,544,832
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Hyperscale Data, Inc. entered into Purchase Agreement with certain institutional investors (effective 2023-03-28).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain institutional investors
- Effective
- 2023-03-28
Exact text from the filing
the Company entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors (the “ Investors ”), pursuant to which the Company agreed to issue and sell, in a private placement (the “ Offering ”), an aggregate of 100,000 shares of its preferred stock
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.