Hyperscale Data, Inc. (GPUS): debt financing — Ault Alliance commences $48M senior notes offering across three tranches with rates 7%-10.5%

Hyperscale Data, Inc.

Offers up to $48M aggregate: $8M of 7% notes due 2024, $10M of 8.5% notes due 2026, $30M of 10.5% notes due 2028.
Notes are senior unsecured obligations, sold on a continuous basis through the monthlyincome.com online platform.
Maturity dates extendable at company option: 2024 by 3 mo, 2026 by 6 mo, 2028 by 12 mo upon paying a 1% extension fee.
2028 notes redeemable at company option after two years; 2024 and 2026 notes not redeemable before maturity.
Interest paid monthly on the 15th, beginning the month after issuance; minimum purchase $1,000.

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 senior notes of up to an aggregate principal amount of $48,000,000 of its senior notes, consisting of $8,000,000 principal amount of its at 7.00% per annum, 8.50% per annum, 10.50% per annum maturing December 31, 2024, December 31, 2026, December 31, 2028.

Instrument: senior notes
Principal: up to an aggregate principal amount of $48,000,000 of its senior notes, consisting of $8,000,000 principal amount of its
Rate: 7.00% per annum, 8.50% per annum, 10.50% per annum
Maturity: December 31, 2024, December 31, 2026, December 31, 2028
Event: incurrence

Exact text from the filing

On September 1, 2023, Ault Alliance, Inc. (the “Company”) commenced an offering on a continuing basis of up to an aggregate principal amount of $48,000,000 of its senior notes, consisting of $8,000,000 principal amount of its 7.00% senior notes due 2024 (the “2024 Notes”), $10,000,000 principal amount of its 8.50% senior notes due 2026 (the “2026 Notes”) and $30,000,000 principal amount of its 10.50% senior notes due 2028 (the “2028 Notes” and, collectively with the 2024 Notes and the 2026 Notes, the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hyperscale Data, Inc. entered into Notes valued at $48,000,000 (effective 2023-09-01).

Action: entry
Agreement: notes offering
Value: $48,000,000
Effective: 2023-09-01

Exact text from the filing

On September 1, 2023, Ault Alliance, Inc. (the "Company") commenced an offering on a continuing basis of up to an aggregate principal amount of $48,000,000 of its senior notes, consisting of $8,000,000 principal amount of its 7.00% senior notes due 2024 (the "2024 Notes"), $10,000,000 principal amount of its 8.50% senior notes due 2026 (the "2026 Notes") and $30,000,000 principal amount of its 10.50% senior notes due 2028 (the "2028 Notes" and, collectively with the 2024 Notes and the 2026 Notes, the "Notes").

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-012004

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