Hyperscale Data, Inc. Files 8-K
Ticker: GPUS-PD · Form: 8-K · Filed: Oct 16, 2024 · CIK: 896493
| Field | Detail |
|---|---|
| Company | Hyperscale Data, INC. (GPUS-PD) |
| Form Type | 8-K |
| Filed Date | Oct 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $500,000, $45.15 million, $75 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, financials
Related Tickers: GPUS
TL;DR
Hyperscale Data (GPUS) filed an 8-K on Oct 16, 2024, covering material agreements & equity sales.
AI Summary
Hyperscale Data, Inc. filed an 8-K on October 16, 2024, reporting on a material definitive agreement, unregistered sales of equity securities, and financial statements. The company, formerly known as Ault Alliance, Inc., BitNile Holdings, Inc., and Ault Global Holdings, Inc., is headquartered in Las Vegas, Nevada.
Why It Matters
This filing provides crucial updates on the company's material agreements and equity transactions, impacting investors' understanding of its current financial and operational status.
Risk Assessment
Risk Level: medium — The filing involves unregistered sales of equity securities, which can sometimes indicate potential 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
- 20241016 (date) — Filing date
FAQ
What specific material definitive agreement was entered into by Hyperscale Data, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this excerpt.
What were the details of the unregistered sales of equity securities?
The filing mentions unregistered sales of equity securities, but the specifics regarding the amount, price, or purchasers are not detailed in this provided text.
What financial statements and exhibits are included with this 8-K filing?
The filing states that financial statements and exhibits are included, but the content of these documents is not specified in the provided excerpt.
When did Hyperscale Data, Inc. previously change its name?
Hyperscale Data, Inc. was formerly known as Ault Alliance, Inc. (name change date 20230103), BitNile Holdings, Inc. (name change date 20211213), and Ault Global Holdings, Inc. (name change date 20210119).
What is the primary business address of Hyperscale Data, Inc.?
The business address for Hyperscale Data, Inc. is 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.
Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-10-16 16:30:20
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value GPUS NYSE American 13.0
- $500,000 — the Purchaser, for a purchase price of $500,000. As of October 16, 2024, the Purchaser
- $45.15 million — res, for an aggregate purchase price of $45.15 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
- v10162418k.htm (8-K) — 30KB
- 0001214659-24-017597.txt ( ) — 249KB
- gpus-20241016.xsd (EX-101.SCH) — 4KB
- gpus-20241016_def.xml (EX-101.DEF) — 29KB
- gpus-20241016_lab.xml (EX-101.LAB) — 36KB
- gpus-20241016_pre.xml (EX-101.PRE) — 26KB
- v10162418k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 10, 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 500 shares of Series C convertible preferred stock (the " Series C Convertible Preferred Stock "), and warrants (the " Series C Warrants ") to purchase 147,820 shares (the " Warrant Shares ") of the Company's common stock to the Purchaser, for a purchase price of $500,000. As of October 16, 2024, the Purchaser has purchased an aggregate of 45,150 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase an aggregate of 13,348,116 Warrant Shares, for an aggregate purchase price of $45.15 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 16, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel -3-