secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001214659-25-005116
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465925005116/0001214659-25-005116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465925005116/p3312508k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-005116

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