secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001214659-24-019564
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyperscale Data creates Series F Exchangeable Preferred Stock exchangeable into Ault Capital shares
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- Filed Certificate of Designation on Nov 22, 2024 for 1,000,000 shares of Series F Preferred Stock.
- Each Series F share exchangeable for 10 Class A and 5 Class B ACG shares; exchange begins 1 year after issuance or upon SEC registration.
- Series F ranks senior to common and on parity with certain future series; junior to Series A, C, D, E preferred stock.
- Two-thirds Series F holder vote required for certain mergers/recapitalizations unless converted to comparable securities.
- No change to fiscal year; other equity terms unaffected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465924019564/0001214659-24-019564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465924019564/p11252408k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-019564

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