{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-25-002119","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2025-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.731461+00:00","generated_at":"2026-05-27T02:12:57.371144+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hyperscale Data exchanges $1.93M term note for convertible note at $4/sh","bullets":["Exchange of $1.93M term note for new convertible note; interest 15% (18% upon default), matures May 5, 2025.","Conversion price fixed at $4.00/sh, a $0.05 premium to Feb 5 close; requires NYSE American approval.","Original note of $1.705M issued Apr 2024 cancelled; accrued interest included in new principal.","New note convertible into GPUS common stock; not registered, relies on Section 3(a)(9) exemption."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-25-002119","json":"https://secwatch.observer/filing/0001214659-25-002119.json","markdown":"https://secwatch.observer/filing/0001214659-25-002119.md","text":"https://secwatch.observer/filing/0001214659-25-002119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465925002119/0001214659-25-002119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465925002119/g262508k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T02:12:57.371144+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c822df06856ee1a3cd8fa6301261b66503044480","claim":"Hyperscale Data, Inc. incurred convertible notes of $1,925,141.71 with Orchid Finance LLC at 15% per annum maturing May 5, 2025.","evidence_excerpt":"On February 5, 2025 (the “ Closing Date ”), Hyperscale Data, Inc., a Delaware corporation (the “ Company ”) entered into an Exchange Agreement (the “ Agreement ”) with Orchid Finance LLC, a Nevada limited liability company (the “ Investor ”), pursuant to which the Company issued to the Investor a convertible promissory note in the principal face amount of $1,925,141.71 (the “ Note ”) in exchange for the cancellation of the outstanding term note issued by the Company to the Investor on April 29, 2024 (the “ Original Note ”), which Original Note, as of the Closing Date, had outstanding principal and accrued but unpaid interest of $1,925,141.71 (the “ Transaction ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465925002119/0001214659-25-002119-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,925,141.71"},{"label":"Counterparty","value":"Orchid Finance LLC"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"May 5, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}