{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-012709","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2023-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.958375+00:00","generated_at":"2026-06-10T07:58:50.203964+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ault Alliance exchanges $2.2M term note for convertible note; potential $3.3M add-on","bullets":["Exchanged $2.2M term note (issued Sept 8 for $2M) for new convertible note with no interest, maturing Sept 28, 2024.","Conversion price is 90% of lowest VWAP over prior 5 trading days; conversion requires NYSE American approval.","Company can redeem at 115% of principal; conversion limited to 19.99% of outstanding unless stockholder approval obtained.","Walleye Opportunities Master Fund Ltd. may demand up to $3.3M additional notes at 10% OID within 3 months after note is retired.","Closing occurred September 28, 2023; proceeds used to replace outstanding term note."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-012709","json":"https://secwatch.observer/filing/0001214659-23-012709.json","markdown":"https://secwatch.observer/filing/0001214659-23-012709.md","text":"https://secwatch.observer/filing/0001214659-23-012709.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465923012709/0001214659-23-012709-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465923012709/o9272368k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T07:58:50.203964+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e34ee44772f75981f9d559855eaadb54b0bd242","claim":"Hyperscale Data, Inc. incurred convertible notes of $2,200,000 with institutional investor at bears no interest (unless an event of default occurs) maturing September 28, 2024 or one month after the Exchange Cap Acceleration Date.","evidence_excerpt":"On September 27, 2023 (the “ Effective Date ”), Ault Alliance, Inc. (the “ Company ”) entered into a securities exchange agreement (the “ Exchange Agreement ”) with an institutional investor (the “ Investor ”) pursuant to which the Investor agreed to acquire, and the Company agreed to issue and sell in a registered direct offering to the Investor (the “ Offering ”), a $2.2 million principal face amount convertible promissory note (the “ Note ”), subject to customary closing conditions.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923012709/0001214659-23-012709-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,200,000"},{"label":"Counterparty","value":"institutional investor"},{"label":"Rate","value":"bears no interest (unless an event of default occurs)"},{"label":"Maturity","value":"September 28, 2024 or one month after the Exchange Cap Acceleration Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}