---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-015219"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T03:03:02.153996+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-23-015219
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923015219/0001214659-23-015219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923015219/r11142308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-015219
- JSON: https://secwatch.observer/filing/0001214659-23-015219.json
- Plain text: https://secwatch.observer/filing/0001214659-23-015219.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923015219/0001214659-23-015219-index.htm

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