secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K/A
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001214659-23-011419
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance assigns $10.5M Exchange Notes to related party A&C, issues demand note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923011419/0001214659-23-011419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923011419/b8162308ka1.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-011419

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