---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-020560"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:13:23.026372+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hyperscale Data sells St. Petersburg property for $13M; proceeds held for potential dividend

## Summary
- Third Avenue Apartments sold Property to Cats Mirror Lake for $13M; closing on December 13.
- Approximately $11M placed in segregated account, raising balance to ~$18.3M for guarantee obligations.
- Company in discussions with lender to enable cash dividend to common and Series C preferred holders.
- Sale advances strategy to become pure-play data center business supporting HPC and AI solutions.

## SEC filing metadata
- accession: 0001214659-24-020560
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465924020560/0001214659-24-020560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465924020560/x12152408k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-020560
- JSON: https://secwatch.observer/filing/0001214659-24-020560.json
- Plain text: https://secwatch.observer/filing/0001214659-24-020560.txt

## Key facts
- M&A Transactions
  Hyperscale Data, Inc. completed a disposition involving Cats Mirror Lake, LLC for $13,000,000 (closed 2024-12-13).
  - Action: disposition
  - Counterparty: Cats Mirror Lake, LLC
  - Consideration: $13,000,000
  - Closing: 2024-12-13
  source text: (the “ Buyer ”) pursuant to a contract of sale, as amended (the “ Sale Agreement ”) entered into by Third Avenue Apartments and the Buyer. The sale price for the property was $13,000,000. The foregoing description of the Sale Agreement, as amended, does not purport to be complete and is qualified in its entirety by reference to the form of Sale Agreement and the
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465924020560/0001214659-24-020560-index.htm

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