secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001214659-25-002119
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyperscale Data exchanges $1.93M term note for convertible note at $4/sh
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465925002119/0001214659-25-002119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465925002119/g262508k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-002119

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