---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-005173"
form_type: "8-K/A"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T08:18:04.861840+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance increases Series C financing cap from $50M to $75M, extends closing to June 2024

## Summary
- Financing cap raised from $50M to $75M under amended Securities Purchase Agreement dated March 25, 2024.
- As of March 25, 2024, $43.5M already purchased (43,500 Series C shares + 12.86M warrants).
- Final closing deadline extended to June 30, 2024, with potential 90-day extension by purchaser Ault & Company.
- Terms unchanged: 9.5% cumulative dividend, conversion price based on VWAP with $0.10 floor; warrants at $3.3825, 5-year term.
- Purchaser is an affiliate (Ault & Company); stockholder approval required for issuances exceeding 19.99%.

## SEC filing metadata
- accession: 0001214659-24-005173
- form_type: 8-K/A
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465924005173/0001214659-24-005173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465924005173/x3252428ka1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-005173
- JSON: https://secwatch.observer/filing/0001214659-24-005173.json
- Plain text: https://secwatch.observer/filing/0001214659-24-005173.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. amended the Amendment valued at $75,000,000.00 (effective 2024-03-25).
  - Action: amendment
  - Agreement: equity purchase
  - Value: $75,000,000.00
  - Effective: 2024-03-25
  source text: On March 25, 2024, the Company and the Purchaser entered into the Amendment, pursuant to which the total amount of the Financing was increased to $75,000,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465924005173/0001214659-24-005173-index.htm
- Material Agreements
  Hyperscale Data, Inc. entered into Agreement valued at up to $50,000,000.00 (effective 2023-11-06).
  - Action: entry
  - Agreement: equity purchase
  - Value: up to $50,000,000.00
  - Effective: 2023-11-06
  source text: On November 6, 2023 (the “ Execution Date ”), the Company entered into the Agreement with the Purchaser, pursuant to which the Company agreed to sell to the Purchaser up to 50,000 shares of Series C convertible preferred stock (the “ Series C Convertible Preferred Stock ”), and Series C Warrants to purchase shares of Common Stock, in one or more closings, for a total purchase price of up to $50,000,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465924005173/0001214659-24-005173-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.