Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Hyperscale Data, Inc. incurred convertible notes of an aggregate of $2,000,000 principal face amount convertible promissory notes with two institutional investors at accrue interest at the rate of 6% per annum, unless an event of default (as defi maturing mature on June 12, 2024, provided, however, that the Company shall have the right, upon written notice to the Investors, to extend the maturity date to Septembe.
- Instrument
- convertible notes
- Principal
- an aggregate of $2,000,000 principal face amount convertible promissory notes
- Counterparty
- two institutional investors
- Rate
- accrue interest at the rate of 6% per annum, unless an event of default (as defi
- Maturity
- mature on June 12, 2024, provided, however, that the Company shall have the right, upon written notice to the Investors, to extend the maturity date to Septembe
- Event
- incurrence
Exact text from the filing
On March 11, 2024 (the “ Effective Date ”), Ault Alliance, Inc. (the “ Company ”) entered into a note purchase agreement (the “ Purchase Agreement ”) with two institutional investors (the “ Investors ”) pursuant to which the Investors agreed, severally and not jointly, to acquire, and the Company agreed to issue and sell in a registered direct offering to the Investors (the “ Offering ”), an aggregate of $2,000,000 principal face amount convertible promissory notes (the “ Notes ”), subject to customary closing conditions.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hyperscale Data, Inc. entered into Note Purchase Agreement with two institutional investors valued at $2,000,000 principal face amount convertible promissory notes, purchase price $1,800,000, 6% interes (effective 2024-03-11).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- two institutional investors
- Value
- $2,000,000 principal face amount convertible promissory notes, purchase price $1,800,000, 6% interes
- Effective
- 2024-03-11
Exact text from the filing
On March 11, 2024 (the “ Effective Date ”), Ault Alliance, Inc. (the “ Company ”) entered into a note purchase agreement (the “ Purchase Agreement ”) with two institutional investors (the “ Investors ”) pursuant to which the Investors agreed, severally and not jointly, to acquire, and the Company agreed to issue and sell in a registered direct offering to the Investors (the “ Offering ”), an aggregate of $2,000,000 principal face amount convertible promissory notes (the “ Notes ”), subject to customary closing conditions.
View on SEC.gov