secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001214659-25-003526
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465925003526/0001214659-25-003526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465925003526/y2262518k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-003526

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