{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-25-006375","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2025-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.717922+00:00","generated_at":"2026-05-23T06:32:46.485525+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hyperscale Data amends Series B convertible preferred conversion price to include $0.40 floor and 75% of VWAP cap","bullets":["Filed Certificate of Amendment on April 23, 2025, effective same day.","Conversion Price now greater of $0.40 floor or 75% of lowest VWAP in prior 5 days, capped at $10.00.","Amendment relates to up to 50,000 Series B shares sold to SJC Lending, LLC for up to $50 million.","Board unanimously approved amendment on April 22, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-25-006375","json":"https://secwatch.observer/filing/0001214659-25-006375.json","markdown":"https://secwatch.observer/filing/0001214659-25-006375.md","text":"https://secwatch.observer/filing/0001214659-25-006375.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465925006375/0001214659-25-006375-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465925006375/p4242588k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T06:32:46.485525+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":"84e9909e8c45c5dcc1666b072ac5de843009d4f4","claim":"Hyperscale Data, Inc.: Amended the definition of 'Conversion Price' in the Certificate of Designation of Series B Convertible Preferred Stock to a formula based on a floor price and a variable percentage of VWAP with a maximum price cap (effective 2025-04-23).","evidence_excerpt":"the definition of “Conversion Price” was amended read as follows: “ Conversion Price ” means the greater of (i) $0.40 per share (the “ Floor Price ”), which Floor Price shall not be adjusted for stock dividends, stock splits, stock combinations and other similar transactions and (ii) 75% of the Corporation’s lowest VWAP on any Trading Day during the five Trading Days immediately prior to the date of conversion into shares of Common Stock, but not greater than $10.00 per share (the “ Maximum Price ”), which Maximum Price shall be adjusted for stock dividends, stock splits, stock combinations and other similar transactions.”","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465925006375/0001214659-25-006375-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-04-23"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}