secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001214659-24-004376
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance issues $2M convertible notes with 10% OID, $0.35 conversion price
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465924004376/0001214659-24-004376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465924004376/g3112408k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-004376

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