Hyperscale Data creates Series B Convertible Preferred Stock with 15% dividend, conversion discount

Hyperscale Data, Inc.

60,000 shares designated, $1,000 stated value, convertible at 25% discount to VWAP (floor $0.40, cap $10.00).
15% cumulative annual cash dividend payable monthly; PIK option for first two years.
Voting rights on as-converted basis with a voting floor price of $2.44.
Liquidation preference senior to Series A, D, E, F; pari passu with Series C and G.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Hyperscale Data, Inc.: Filed a Certificate of Designation to establish terms of Series B Convertible Preferred Stock (effective 2025-03-31).

Change: charter amendment
Effective: 2025-03-31

Exact text from the filing

On March 31, 2025, Hyperscale Data, Inc. (the “ Company ”) filed a Certificate of Designation, Rights and Preferences (the “ Certificate of Designation ”) with the Secretary of State of the State of Delaware to establish the preferences, voting powers, limitations as to dividends or other distributions, qualifications, terms and conditions of redemption and other terms and conditions of the Company’s Series B Convertible Preferred Stock

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13 governance changes filed in the last 30 days. Browse all governance changes →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-25-005116

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