---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-012267"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:57:32.525221+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance issues $2.2M face term note at 9% discount; matures Sept 25

## Summary
- Term note of $2.2M principal issued Sept 8, 2023 to Walleye Opportunities Master Fund Ltd. for $2M cash.
- Note matures Sept 25, 2023; no interest accrues unless an event of default occurs.
- Repayment secured by guaranty from Ault & Company, Inc. and Executive Chairman Milton C. Ault.
- Short-term bridge financing likely for general corporate purposes.

## SEC filing metadata
- accession: 0001214659-23-012267
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923012267/0001214659-23-012267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923012267/b9112328k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-012267
- JSON: https://secwatch.observer/filing/0001214659-23-012267.json
- Plain text: https://secwatch.observer/filing/0001214659-23-012267.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923012267/0001214659-23-012267-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923012267/0001214659-23-012267-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.