secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001214659-24-009439
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance amends loan deal; segregated account deadline extended to July 22, 2024, minimum raised to $7.4M
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- Segregated account minimum balance increased from $7M to $7.4M; compliance deadline extended from May 15 to July 22, 2024.
- Borrower to pay $500k amendment charge: $250k by June 15, 2024 and $250k by July 10, 2024.
- Borrower also to pay $5,000 in legal fees to JGB Agent by May 31, 2024.
- Each loan party releases Lenders and Agent from all prior claims related to loan documents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465924009439/0001214659-24-009439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465924009439/g5162428k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-009439

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