secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001214659-23-016501
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance closes $41.5M affiliate financing, repays $37.9M in debt, issues convertible preferred and warrants
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- Closed $41.5M financing with Ault & Company (affiliate) issuing 41,500 Series C convertible preferred shares and warrants for 307M common shares.
- Used proceeds to repay $20.4M to JGB Lenders and $17.5M senior secured convertible note owed to Ault & Company.
- Conversion price of preferred $0.2098 (238% of $0.088 close); warrant exercise price $0.1353 (154% of close).
- Company and subsidiaries guaranteed $38.9M in secured promissory notes issued by Ault & Company to third-party lenders.
- Issuance of common upon conversion/exercise subject to NYSE American and stockholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923016501/0001214659-23-016501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923016501/p12142308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-016501

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer