---
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"
generated_at: "2026-05-23T18:43:43.475142+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hyperscale Data issues $110K convertible promissory note to Jorico LLC

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 3.02, 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-25-005662
- JSON: https://secwatch.observer/filing/0001214659-25-005662.json
- Plain text: https://secwatch.observer/filing/0001214659-25-005662.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $110,000
  - Counterparty: Jorico, LLC
  - Rate: 15% per annum (18% per annum upon an event of default)
  - Maturity: September 30, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/896493/000121465925005662/0001214659-25-005662-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.