---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-25-003526"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T04:13:58.617006+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hyperscale Data extends forbearance, issues $3.5M convertible note at $2.00 conversion price

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-25-003526
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465925003526/0001214659-25-003526-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465925003526/y2262518k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-25-003526
- JSON: https://secwatch.observer/filing/0001214659-25-003526.json
- Plain text: https://secwatch.observer/filing/0001214659-25-003526.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465925003526/0001214659-25-003526-index.htm

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