---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-007875"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:14:27.190145+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-24-007875
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465924007875/0001214659-24-007875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465924007875/o4302448k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-007875
- JSON: https://secwatch.observer/filing/0001214659-24-007875.json
- Plain text: https://secwatch.observer/filing/0001214659-24-007875.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465924007875/0001214659-24-007875-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465924007875/0001214659-24-007875-index.htm

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