Hyperscale Data terminates $25M preferred stock purchase agreement with Orion; repays $1.25M note

Hyperscale Data, Inc.

Mutual termination of Purchase Agreement that allowed up to $25M in preferred stock sales.
Company sold 261,778 Preferred Shares for net proceeds of ~$3.45M under the agreement.
As part of termination, Orion will use $1.25M in existing funds to repay a promissory note from Oree Lending and Helios Funds.
Both parties release each other from claims, with non-disparagement and confidentiality obligations.

item 1.02item 9.01

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