---
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"
generated_at: "2026-05-23T06:32:46.485525+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hyperscale Data amends Series B convertible preferred conversion price to include $0.40 floor and 75% of VWAP cap

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-25-006375
- JSON: https://secwatch.observer/filing/0001214659-25-006375.json
- Plain text: https://secwatch.observer/filing/0001214659-25-006375.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2025-04-23
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/896493/000121465925006375/0001214659-25-006375-index.htm

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