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:  0001214659-25-005191
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyperscale Data issues $1.65M convertible note to Orchid Finance, 15% interest, maturity Sept 2025
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- Note face amount $1.65M, issued at 10% OID for a $1.5M advance; interest 15% (18% default).
- Conversion price = greater of $0.40 floor or 75% of 5-day VWAP; convertible after NYSE approval.
- Matures September 30, 2025; conversion capped at 19.99% of outstanding common without stockholder approval.
- Issued to Orchid Finance LLC in a private placement under Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465925005191/0001214659-25-005191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465925005191/g412538k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-005191

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