Ault Alliance sells additional $1M in Series C Convertible Preferred and Warrants to affiliate

Hyperscale Data, Inc.

On March 18 and 19, 2024, sold 500 shares of Series C Convertible Preferred Stock and warrants for 147,820 common shares each closing, for $500k per closing.
Aggregate purchases under November 2023 SPA now total $43.5M of the $50M commitment.
Sales were made to affiliate Ault & Company under existing agreement; terms previously disclosed in Nov 7, 2023 8-K.

item 1.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hyperscale Data, Inc. entered into Agreement with Ault & Company, Inc. valued at $50 million (effective 2023-11-06).

Action: entry
Agreement: equity purchase
Counterparty: Ault & Company, Inc.
Value: $50 million
Effective: 2023-11-06

Exact text from the filing

On each of March 18, 2024 and March 19, 2024, Ault Alliance, Inc., a Delaware corporation (the “ Company ”), pursuant to the Securities Purchase Agreement (the “ Agreement ”) entered into with Ault & Company, Inc., a Delaware corporation (the “ Purchaser ”) on November 6, 2023 (the “ Execution Date ”), sold 500 shares of Series C convertible preferred stock (the “ Series C Convertible Preferred Stock ”), and warrants (the “ Series C Warrants ”) to purchase 147,820 shares (the “ Warrant Shares ”) of the Company’s common stock to the Purchaser, for a purchase price of 500,000.

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Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-24-004820

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