secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001214659-24-020851
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyperscale Data faces NYSE American delisting over low equity; sells additional $1.9M preferred to affiliate
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- NYSE American notified Hyperscale that $2.2M equity fails $6M minimum under Section 1003(a)(ii)/(iii).
- Company must submit compliance plan by Jan 17, 2025 and regain compliance by June 18, 2026 or face delisting.
- On Dec 20, 2024, sold 1,900 shares of Series C convertible preferred and warrants to affiliate Ault & Company for $1.9M.
- Total purchases under agreement now $50M out of $75M available; Series C securities are unregistered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465924020851/0001214659-24-020851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465924020851/p12232408k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-020851

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