secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K/A
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001214659-24-005173
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465924005173/0001214659-24-005173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465924005173/x3252428ka1.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-005173

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