{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-24-004376","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.217865+00:00","generated_at":"2026-06-04T23:36:31.291078+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ault Alliance issues $2M convertible notes with 10% OID, $0.35 conversion price","bullets":["Notes have $2M principal, sold for $1.8M ($200K OID); 6% interest (12% on default).","Matures June 12, 2024; extendable to Sept 12, 2024 with 5% principal increase.","Conversion price $0.35 per share, subject to NYSE American approval of supplemental listing application.","Issued to two institutional investors in a registered direct offering under existing S-3 shelf.","Notes convertible into Class A common stock at any time after NYSE American approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-24-004376","json":"https://secwatch.observer/filing/0001214659-24-004376.json","markdown":"https://secwatch.observer/filing/0001214659-24-004376.md","text":"https://secwatch.observer/filing/0001214659-24-004376.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465924004376/0001214659-24-004376-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465924004376/g3112408k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:36:31.291078+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ef1254a63c638caf5001a978dc1390338760adc","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465924004376/0001214659-24-004376-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"an aggregate of $2,000,000 principal face amount convertible promissory notes"},{"label":"Counterparty","value":"two institutional investors"},{"label":"Rate","value":"accrue interest at the rate of 6% per annum, unless an event of default (as defi"},{"label":"Maturity","value":"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"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7ade52804366f1b3567f9aafa608d93f8dfc945d","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465924004376/0001214659-24-004376-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"two institutional investors"},{"label":"Value","value":"$2,000,000 principal face amount convertible promissory notes, purchase price $1,800,000, 6% interes"},{"label":"Effective","value":"2024-03-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}