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 loan of $2,200,000 with an accredited investor at no interest maturing September 25, 2023.
- Instrument
- loan
- Principal
- $2,200,000
- Counterparty
- an accredited investor
- Rate
- no interest
- Maturity
- September 25, 2023
- Event
- incurrence
Exact text from the filing
Effective September 8, 2023, Ault Alliance, Inc., a Delaware corporation (the “ Company ”) issued to an accredited investor a term note (the “ Note ”) with a principal face amount of $2,200,000. The Note does not bear interest unless an event of default occurs under the Note, as the Note was issued with an original issuance discount. The maturity date of the Note is September 25, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hyperscale Data, Inc. entered into Note with an accredited investor valued at principal face amount of $2,200,000 (effective 2023-09-08).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- an accredited investor
- Value
- principal face amount of $2,200,000
- Effective
- 2023-09-08
Exact text from the filing
Effective September 8, 2023, Ault Alliance, Inc., a Delaware corporation (the “ Company ”) issued to an accredited investor a term note (the “ Note ”) with a principal face amount of $2,200,000.
View on SEC.gov