debt
confidence high
sentiment negative
materiality 0.70
Hyperscale Data, Inc. (GPUS): debt financing — Hyperscale Data enters $15.96M convertible financing with Yorkville at 6% discount
Hyperscale Data, Inc.
- $15.96M pre-paid advance from Yorkville; net proceeds $15.0M after 6% discount. Interest 4% (18% on default). Maturity Dec 10, 2027.
- Yorkville can convert advance into common shares at lower of fixed $0.2153/share or 90% of 5-day VWAP (floor $0.10).
- If registration or exchange cap event, Company must make monthly cash payments: $2.5M principal +10% premium + accrued interest.
- Company may prepay with 10% premium if VWAP below fixed price. Yorkville also received $35K structuring fee.