{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-26-007363","form_type":"8-K","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2026-06-11T20:30:22+00:00","discovered_at":"2026-06-11T20:31:05.670868+00:00","generated_at":"2026-06-11T20:36:59.373498+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hyperscale Data enters $15.96M convertible financing with Yorkville at 6% discount","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-26-007363","json":"https://secwatch.observer/filing/0001214659-26-007363.json","markdown":"https://secwatch.observer/filing/0001214659-26-007363.md","text":"https://secwatch.observer/filing/0001214659-26-007363.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/0001214659-26-007363-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/r6112618k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T20:36:59.373498+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":"4b0ee3c25be0ddaed646fbb90a1aa372ebc26013","claim":"Hyperscale Data, Inc. incurred debt of $15,958,000 with YA II PN, Ltd. at 4%.","evidence_excerpt":"PPA ”) with YA II PN, Ltd., a Cayman Islands exempt limited partnership (“ Yorkville ”). In accordance with the terms of the PPA, the Company will receive a pre-paid advance of $15,958,000 from Yorkville (the “ Pre-Paid Advance ”). The Pre-Paid Advance will be purchased by Yorkville at 94% of the face amount of the Pre-Paid Advance. The Pre-Paid Advance was","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/0001214659-26-007363-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$15,958,000"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Rate","value":"4%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e206504fba4620aa89c314f55c092292b00f8b2a","claim":"Hyperscale Data, Inc. entered into Pre-Paid Advance Agreement with YA II PN, Ltd. valued at $15,958,000 (effective 2026-06-11).","evidence_excerpt":"On June 11, 2026 (the “ Effective Date ”), Hyperscale Data, Inc. (the “ Company ”) entered into a Pre-Paid Advance Agreement (the “ PPA ”) with YA II PN, Ltd., a Cayman Islands exempt limited partnership (“ Yorkville ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/0001214659-26-007363-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Value","value":"$15,958,000"},{"label":"Effective","value":"2026-06-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}