Hyperscale Data, Inc. Files 8-K
Ticker: GPUS-PD · Form: 8-K · Filed: Oct 10, 2024 · CIK: 896493
| Field | Detail |
|---|---|
| Company | Hyperscale Data, INC. (GPUS-PD) |
| Form Type | 8-K |
| Filed Date | Oct 10, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $350,000, $44.65 million, $75 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, corporate-action
TL;DR
Hyperscale Data (fka Ault Alliance) filed an 8-K on 10/10/24 covering material agreements and equity sales.
AI Summary
Hyperscale Data, Inc. (formerly Ault Alliance, Inc.) filed an 8-K on October 10, 2024, reporting a material definitive agreement, unregistered sales of equity securities, and financial statements. The company, previously known by several other names including BitNile Holdings, Inc., is incorporated in Delaware and headquartered in Las Vegas, Nevada.
Why It Matters
This filing indicates significant corporate actions and potential equity transactions by Hyperscale Data, Inc., which could impact its financial structure and investor holdings.
Risk Assessment
Risk Level: medium — The filing mentions unregistered sales of equity securities, which can sometimes indicate dilution or less transparent capital raising activities.
Key Players & Entities
- Hyperscale Data, Inc. (company) — Filer
- Ault Alliance, Inc. (company) — Former company name
- BitNile Holdings, Inc. (company) — Former company name
- Ault Global Holdings, Inc. (company) — Former company name
- 2024-10-10 (date) — Filing date
FAQ
What is the nature of the material definitive agreement mentioned in the filing?
The filing indicates a material definitive agreement was entered into, but the specific details of this agreement are not provided in the provided text.
What type of equity securities were sold in the unregistered sale?
The filing mentions "Unregistered Sales of Equity Securities" but does not specify the type of securities sold in the provided text.
When did Hyperscale Data, Inc. change its name from Ault Alliance, Inc.?
The filing states the date of name change from Ault Alliance, Inc. to Hyperscale Data, Inc. was 20230103.
What is the primary business of Hyperscale Data, Inc. according to its SIC code?
The company's Standard Industrial Classification (SIC) code is 3679, which corresponds to 'ELECTRONIC COMPONENTS, NEC'.
Where is Hyperscale Data, Inc. headquartered?
Hyperscale Data, Inc. is headquartered at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.
Filing Stats: 699 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-10-10 16:54:04
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value GPUS NYSE American 13.0
- $350,000 — the Purchaser, for a purchase price of $350,000. As of October 10, 2024, the Purchaser
- $44.65 million — res, for an aggregate purchase price of $44.65 million. The Agreement provides that the Purcha
- $75 million — s that the Purchaser may purchase up to $75 million of Series C Convertible Preferred Stock
Filing Documents
- v10102428k.htm (8-K) — 30KB
- 0001214659-24-017438.txt ( ) — 249KB
- gpus-20241010.xsd (EX-101.SCH) — 4KB
- gpus-20241010_def.xml (EX-101.DEF) — 29KB
- gpus-20241010_lab.xml (EX-101.LAB) — 36KB
- gpus-20241010_pre.xml (EX-101.PRE) — 26KB
- v10102428k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 4, 2024, Hyperscale Data, Inc., a Delaware corporation (the " Company "), pursuant to the Securities Purchase Agreement (the " Agreement ") entered into with Ault & Company, Inc., a Delaware corporation (the " Purchaser ") on November 6, 2023 (the " Execution Date "), sold 350 shares of Series C convertible preferred stock (the " Series C Convertible Preferred Stock "), and warrants (the " Series C Warrants ") to purchase 103,474 shares (the " Warrant Shares ") of the Company's common stock to the Purchaser, for a purchase price of $350,000. As of October 10, 2024, the Purchaser has purchased an aggregate of 44,650 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase an aggregate of 13,200,297 Warrant Shares, for an aggregate purchase price of $44.65 million. The Agreement provides that the Purchaser may purchase up to $75 million of Series C Convertible Preferred Stock and Series C Warrants in one or more closings. The Purchaser is an affiliate of the Company. The material terms of the Agreement, Series C Convertible Preferred Stock and the Series C Warrants were described in the Form 8-K filed with the Securities and Exchange Commission on November 7, 2023 and are incorporated herein by reference.
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference to this Item 3.02. Series C Convertible Preferred Stock and the Series C Warrants described in this Current Report on Form 8-K were offered and sold to the Purchaser in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act of 1933.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 101 Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HYPERSCALE DATA, INC. Dated: October 10, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel -3-