---
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"
generated_at: "2026-06-11T20:36:59.373498+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hyperscale Data enters $15.96M convertible financing with Yorkville at 6% discount

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-26-007363
- JSON: https://secwatch.observer/filing/0001214659-26-007363.json
- Plain text: https://secwatch.observer/filing/0001214659-26-007363.txt

## Key facts
- Debt Financings
  Hyperscale Data, Inc. incurred debt of $15,958,000 with YA II PN, Ltd. at 4%.
  - Principal: $15,958,000
  - Counterparty: YA II PN, Ltd.
  - Rate: 4%
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/0001214659-26-007363-index.htm
- Material Agreements
  Hyperscale Data, Inc. entered into Pre-Paid Advance Agreement with YA II PN, Ltd. valued at $15,958,000 (effective 2026-06-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: YA II PN, Ltd.
  - Value: $15,958,000
  - Effective: 2026-06-11
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/0001214659-26-007363-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.