secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2025-08-01T23:59:59+00:00
Accession:  0001214659-25-011358
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyperscale Data enters up to $100M Series H convertible preferred financing from affiliate Ault & Company
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- Up to 100,000 Series H preferred shares at $1,000 stated value sold to Ault & Company for up to $100M.
- Conversion price set at greater of $0.10 floor or lesser of $0.79645 (105% of pre-deal VWAP) or 105% of VWAP at conversion.
- Cumulative dividend at 9.5% annual rate; company may pay in common stock for first two years.
- Proceeds to fund MI data center expansion, debt repayment, and working capital.
- Conversion above 19.99% of outstanding common requires stockholder approval; closings extendable to Dec 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465925011358/0001214659-25-011358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465925011358/b812508k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-011358

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