secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001214659-24-007875
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465924007875/0001214659-24-007875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465924007875/o4302448k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-007875

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