---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-014653"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:36:33.722503+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance enters $50M financing agreement with affiliate via Series C convertible preferred and warrants

## Summary
- Up to $50M from affiliate Ault & Company via Series C convertible preferred shares, stated value $1,000 each.
- Conversion price: greater of $0.10 floor or lesser of $0.2098 or 105% of VWAP; full ratchet anti-dilution protection.
- Warrants: ~370M shares at $0.1353/exercise price, 5-year term, exercisable after 6 months.
- Preferred dividend: 9.5% annual on $1,000 stated value, payable quarterly; first 2 years may be paid in common stock.
- Proceeds: repay debt, expand Bitcoin mining, working capital; closing subject to stockholder and A&C financing.

## SEC filing metadata
- accession: 0001214659-23-014653
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923014653/0001214659-23-014653-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923014653/e1172318k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-014653
- JSON: https://secwatch.observer/filing/0001214659-23-014653.json
- Plain text: https://secwatch.observer/filing/0001214659-23-014653.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. entered into Securities Purchase Agreement with Ault & Company, Inc. valued at total purchase price of up to $50,000,000.00 (effective 2023-11-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Ault & Company, Inc.
  - Value: total purchase price of up to $50,000,000.00
  - Effective: 2023-11-06
  source text: Ault Alliance, Inc., a Delaware corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ Agreement ”) with Ault & Company, Inc., a Delaware corporation (the “ Purchaser ”), pursuant to which the Company agreed to sell to the Purchaser up to 50,000 shares of Series C convertible preferred stock (the “ Series C Convertible Preferred Stock ”), and warrants (the “ Series C 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 $50,000,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923014653/0001214659-23-014653-index.htm

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