secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001214659-23-015219
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923015219/0001214659-23-015219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923015219/r11142308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-015219

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