{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-25-005662","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2025-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.716816+00:00","generated_at":"2026-05-23T18:43:43.475142+00:00","sec_items":["2.03","3.02","1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Hyperscale Data issues $110K convertible promissory note to Jorico LLC","bullets":["Principal face $110K, 10% OID, net proceeds $100K; interest at 15% (18% on default).","Note matures September 30, 2025; convertible into Class A common stock after NYSE approval.","Conversion price is greater of $0.45 floor or 75% of VWAP calculated per formulas.","Issuance exempt from registration under Section 4(a)(2) of the Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-25-005662","json":"https://secwatch.observer/filing/0001214659-25-005662.json","markdown":"https://secwatch.observer/filing/0001214659-25-005662.md","text":"https://secwatch.observer/filing/0001214659-25-005662.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465925005662/0001214659-25-005662-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465925005662/p482538k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T18:43:43.475142+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a84cb00df7be349981a00ffe00d842a46004f1ab","claim":"Hyperscale Data, Inc. incurred convertible notes of $110,000 with Jorico, LLC at 15% per annum (18% per annum upon an event of default) maturing September 30, 2025.","evidence_excerpt":"On April 8, 2025 (the “ Closing Date ”), Hyperscale Data, Inc., a Delaware corporation (the “ Company ”) issued to Jorico, LLC, a California limited liability company (the “ Investor ”), a convertible promissory note in the principal face amount of $110,000 (the “ Note ”) in consideration for $100,000 paid by the Investor to the Company (the “ Transaction ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465925005662/0001214659-25-005662-index.htm","confidence":0.97,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$110,000"},{"label":"Counterparty","value":"Jorico, LLC"},{"label":"Rate","value":"15% per annum (18% per annum upon an event of default)"},{"label":"Maturity","value":"September 30, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}