{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-25-017512","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.535060+00:00","generated_at":"2026-05-16T15:49:08.595937+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hyperscale Data issues $12.768M convertible notes at 12.5% with JGB Capital","bullets":["Notes mature Nov 30, 2027; interest 12.5% payable monthly; includes $768k original issue discount.","Conversion price is lower of $0.3235 or 85% of 3-day VWAP, with a $0.30 floor price.","Company must deposit $15.96M in Bitcoin as collateral; proceeds initially held in segregated account.","Second mortgage on Michigan property granted to secure obligations; prior loan agreement amended.","Exchange approval required for conversion shares; registration rights granted for resale."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-25-017512","json":"https://secwatch.observer/filing/0001214659-25-017512.json","markdown":"https://secwatch.observer/filing/0001214659-25-017512.md","text":"https://secwatch.observer/filing/0001214659-25-017512.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465925017512/0001214659-25-017512-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465925017512/o1222508k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:49:08.595937+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":"d292291a5988d0a9fcfc6476443f3563b7c21598","claim":"Hyperscale Data, Inc. incurred convertible notes of $12,768,000 with JGB Capital, LP, JGB Partners, LP and JGB Capital Offshore Ltd. at 12.5% per annum maturing November 30, 2027.","evidence_excerpt":"On December 2, 2025 (the \" Closing Date \"), Hyperscale Data, Inc., a Delaware corporation (the \" Company \"), along with its direct and indirect wholly owned subsidiaries Sentinum, Inc. (\" Sentinum \") and Alliance Cloud Services, LLC (\" ACS \" and collectively with Sentinum, the \" Guarantors \"), entered into a Note Purchase Agreement (the \" Agreement \") with JGB Capital, LP, JGB Partners, LP and JGB Capital Offshore Ltd. (collectively, the \" Investors \") as well as JGB Collateral, LLC (the \" Agent \"). Pursuant to the Agreement, the Company borrowed $12,768,000 from the Investors and issued secured convertible promissory notes to the Investors in such aggregate amount, which includes an original issue discount of $768,000 (collectively, the \" Convertible Notes \").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465925017512/0001214659-25-017512-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$12,768,000"},{"label":"Counterparty","value":"JGB Capital, LP, JGB Partners, LP and JGB Capital Offshore Ltd."},{"label":"Rate","value":"12.5% per annum"},{"label":"Maturity","value":"November 30, 2027"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}