---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-015459"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T23:07:09.230423+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# Ault Alliance creates Series C Convertible Preferred Stock with $1,000 stated value, 9.5% dividend

## Summary
- Conversion price is greater of $0.10 floor or lesser of $0.2098 (105% of pre-execution VWAP) and 105% of conversion-date VWAP.
- Cumulative cash dividend at 9.5% per annum, payable quarterly; Company may pay in Common Stock for first two years at Conversion Price.
- Voting rights on as-converted basis with a $0.123 Voting Floor Price; after stockholder approval, Purchaser earns proportional board representation.
- Liquidation preference senior to Series A, B, and D Preferred Stock; holders receive stated value before common distributions.
- Purchaser is affiliate Ault & Company, Inc. under Securities Purchase Agreement dated November 6, 2023; number of shares issued not disclosed.

## SEC filing metadata
- accession: 0001214659-23-015459
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923015459/0001214659-23-015459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923015459/p11212308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-015459
- JSON: https://secwatch.observer/filing/0001214659-23-015459.json
- Plain text: https://secwatch.observer/filing/0001214659-23-015459.txt

## Key facts
- Governance Changes
  Hyperscale Data, Inc.: Filed Certificate of Designations establishing Series C Convertible Preferred Stock (effective 2023-11-15).
  - Change: charter amendment
  - Effective: 2023-11-15
  source text: Ault Alliance, Inc., a Delaware corporation (the “ Company ”) filed a Certificate of Designations of Preferences, Rights and Limitations of Series C Convertible Preferred Stock (the “ Series C Certificate of Designations ”) with the Secretary of State of the State of Delaware
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923015459/0001214659-23-015459-index.htm

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