secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2026-06-11T20:30:22+00:00
Accession:  0001214659-26-007363
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/0001214659-26-007363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465926007363/r6112618k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-26-007363

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer