{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-013465","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2023-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.326956+00:00","generated_at":"2026-06-09T23:46:02.782509+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ault Alliance restructures $17.5M liabilities via convertible note and warrants to affiliate Ault & Company","bullets":["Issued $17.5M senior secured convertible note to A&C, 10% interest, due Oct 2028, convertible at floor $0.10 or 105% of prior close.","Warrants to purchase 47.7M shares at $0.1837, exercisable for 5 years after 6-month lock-up.","Purchase price paid by canceling $4.6M loans, assuming $11.6M secured notes, retiring $1.3M Series B preferred stock.","Conversion/exercise limited to 19.99% of outstanding shares unless stockholder approval obtained; subject to NYSE American approval.","Milton Todd Ault, III states the restructuring reflects A&C's commitment to help AAI meet financial commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-013465","json":"https://secwatch.observer/filing/0001214659-23-013465.json","markdown":"https://secwatch.observer/filing/0001214659-23-013465.md","text":"https://secwatch.observer/filing/0001214659-23-013465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465923013465/0001214659-23-013465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465923013465/e10162338k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T23:46:02.782509+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":"0aac1efa14f801be93c26718f32257a2685cb26b","claim":"Hyperscale Data, Inc. incurred senior notes of $17,519,832 with Ault & Company, Inc. at 10% per annum maturing October 12, 2028.","evidence_excerpt":"On October 13, 2023 (the “ Closing Date ”), Ault Alliance, Inc., a Delaware corporation (the “ Company ”) entered into a Note Purchase Agreement (the “ Agreement ”) with Ault & Company, Inc., a Delaware corporation (the “ Purchaser ”), pursuant to which the Company sold to the Purchaser (i) a senior secured convertible promissory note in the principal face amount of $17,519,832 (the “ Note ”) and warrants (the “ Warrants ”) to purchase shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”) for a total purchase price of up to $17,519,832 (the “ Transaction ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923013465/0001214659-23-013465-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$17,519,832"},{"label":"Counterparty","value":"Ault & Company, Inc."},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"October 12, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3bfad628969e6b567f6436a49c477420a5972a99","claim":"Hyperscale Data, Inc. entered into Note Purchase Agreement with Ault & Company, Inc. valued at $17,519,832 (effective 2023-10-13).","evidence_excerpt":"pursuant to which the Company sold to the Purchaser (i) a senior secured convertible promissory note in the principal face amount of $17,519,832","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923013465/0001214659-23-013465-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Ault & Company, Inc."},{"label":"Value","value":"$17,519,832"},{"label":"Effective","value":"2023-10-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}