{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-25-005956","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2025-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.717373+00:00","generated_at":"2026-05-23T14:08:28.279123+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hyperscale Data issues $5M convertible notes at 20% OID; maturity Sept 2025","bullets":["Notes have $5M face value, $4M gross proceeds ($460K in fees). 20% original issue discount.","Maturity September 30, 2025; 0% interest unless default then 20% per annum.","Conversion price = greater of $0.40 floor or 80% of lowest closing price over prior 5 trading days.","Conversion limited to 19.99% of outstanding shares until stockholder approval; proxy due within 15 days.","Milton C. Ault guarantees repayment; notes subordinate to JGB Collateral security interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-25-005956","json":"https://secwatch.observer/filing/0001214659-25-005956.json","markdown":"https://secwatch.observer/filing/0001214659-25-005956.md","text":"https://secwatch.observer/filing/0001214659-25-005956.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465925005956/0001214659-25-005956-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465925005956/p4152538k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T14:08:28.279123+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":"d47997d8c52abec09052bafd2a2f5c5127bb52d3","claim":"Hyperscale Data, Inc. incurred convertible notes of $5 million with Target Capital 14 LLC, a Arizona limited liability company and Secure Net Capital LLC, a Nevada limited liability company at 20% per annum (upon Event of Default) maturing September 30, 2025.","evidence_excerpt":"issued to the Investors convertible promissory notes in the aggregate principal face amount of $5 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465925005956/0001214659-25-005956-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$5 million"},{"label":"Counterparty","value":"Target Capital 14 LLC, a Arizona limited liability company and Secure Net Capital LLC, a Nevada limited liability company"},{"label":"Rate","value":"20% per annum (upon 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"}