Ault Alliance issues $1.705M term note at 15% interest maturing May 17, 2024; guaranteed by subsidiary and chairman

Hyperscale Data, Inc.

Term note principal face amount $1,705,000 with 15% per annum interest, issued with original issue discount; purchase price $1,550,000.
Maturity date is May 17, 2024 (approximately 18 days from issuance on April 29, 2024).
Repayment guaranteed by wholly owned subsidiary Ault Lending, LLC and by Executive Chairman Milton C. Ault.
Proceeds from the note to an accredited investor (Orchid Finance LLC) as per Guaranty exhibit.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hyperscale Data, Inc. incurred loan of $1,705,000 with an accredited investor at fifteen percent (15%) per annum maturing May 17, 2024.

Instrument: loan
Principal: $1,705,000
Counterparty: an accredited investor
Rate: fifteen percent (15%) per annum
Maturity: May 17, 2024
Event: incurrence

Exact text from the filing

Ault Alliance, Inc., a Delaware corporation (the “ Company ”) issued to an accredited investor a term note (the “ Note ”) with a principal face amount of $1,705,000.

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

Hyperscale Data, Inc. entered into Note with an accredited investor valued at $1,705,000 (effective 2024-04-29).

Action: entry
Agreement: notes offering
Counterparty: an accredited investor
Value: $1,705,000
Effective: 2024-04-29

Exact text from the filing

Effective April 29, 2024, Ault Alliance, Inc., a Delaware corporation (the “ Company ”) issued to an accredited investor a term note (the “ Note ”) with a principal face amount of $1,705,000.

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Source: SEC EDGAR

accession 0001214659-24-007875

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