secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2025-04-09T23:59:59+00:00
Accession:  0001214659-25-005662
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465925005662/0001214659-25-005662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465925005662/p482538k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-005662

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