Hyperscale Data, Inc. (GPUS): debt financing — Hyperscale Data extends forbearance, issues $3.5M convertible note at $2.00 conversion price

Hyperscale Data, Inc.

Entered A&R Forbearance Agreement with Esousa Group Holdings on Feb 25, 2025.
Issued $3.5M A&R Forbearance Note (incl. $2.3M true-up, $311,917 fee), 18% interest, matures May 15, 2025.
Conversion price set at $2.00, subject to NYSE and stockholder approval; requires $250,000 payment by March 6, 2025.
Investor agrees to forbear until May 15, 2025; note cancelled if investor receives $5.5M aggregate proceeds.
Excess proceeds beyond $5.5M would repay a note from subsidiary RiskOn International.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Hyperscale Data, Inc. amended convertible notes of $3.5 million with institutional investor at 18% per annum maturing May 15, 2025.

Instrument: convertible notes
Principal: $3.5 million
Counterparty: institutional investor
Rate: 18% per annum
Maturity: May 15, 2025
Event: amendment

Exact text from the filing

Note (as hereinafter defined). Description of the A&R Forbearance Note The Company issued to the Investor an amended and restated convertible promissory note in the amount of $3.5 million (the “ A&R Forbearance Note ”), consisting of (i) the amount then due under the Forbearance Note of $887,985.29, (ii) a forbearance extension fee of $311,916.67 and (iii) a

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Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-25-003526

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