Ault Alliance invests $15.1M in convertible preferred stock of affiliate RiskOn International

Hyperscale Data, Inc.

Purchased 603.44 Series D Convertible Preferred Shares from RiskOn International for $15,085,930.69, paid by cancellation of prior cash advances.
Each preferred share has $25,000 stated value, convertible into RiskOn common stock at $0.51/share, yielding up to 29,580,392 shares.
Preferred shares carry 10% annual dividend (rising to 15% if unpaid), senior liquidation preference, and voting rights at 0.9 votes per common share convertible.
Transaction closed Nov 15, 2023; Ault receives most-favored-nations rights and anti-dilution protections for four years.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Hyperscale Data, Inc. entered into Securities Purchase Agreement with RiskOn International, Inc. valued at $15,085,930.69 (effective 2023-11-14).

Action: entry
Agreement: equity purchase
Counterparty: RiskOn International, Inc.
Value: $15,085,930.69
Effective: 2023-11-14

Exact text from the filing

On November 14, 2023, Ault Alliance, Inc., (the “ Company ”), entered into a Securities Purchase Agreement (the “ Agreement ”) with RiskOn International, Inc., a Nevada corporation (the “ Issuer ”), pursuant to which the Company purchased from the Issuer 603.44 shares of the Issuer’s newly designated Series D Convertible Preferred Stock (the “ Preferred Shares ”) for a total purchase price of $15,085,930.69 (the “ Transaction ”).

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-015219

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.