Hyperscale Data, Inc. Files 8-K on Agreements
Ticker: GPUS-PD · Form: 8-K · Filed: Oct 25, 2024 · CIK: 896493
| Field | Detail |
|---|---|
| Company | Hyperscale Data, INC. (GPUS-PD) |
| Form Type | 8-K |
| Filed Date | Oct 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $100,000, $45.7 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 covering material agreements and equity sales.
AI Summary
Hyperscale Data, Inc. (formerly Ault Alliance, Inc.) filed an 8-K on October 25, 2024, reporting on a material definitive agreement, unregistered sales of equity securities, and financial statements. The company, previously known as BitNile Holdings, Inc. and Ault Global Holdings, Inc., is incorporated in Delaware and headquartered in Las Vegas, Nevada.
Why It Matters
This filing provides updates on significant corporate actions and financial disclosures for Hyperscale Data, Inc., which may impact investors and stakeholders.
Risk Assessment
Risk Level: medium — The filing indicates potential equity dilution and material agreements, which can introduce financial and operational risks.
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
- 20241025 (date) — Filing date
FAQ
What is the nature of the material definitive agreement mentioned in the filing?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item information, but the specific details of the agreement are not provided in the provided text.
What type of equity securities were sold unregistered?
The filing lists 'Unregistered Sales of Equity Securities' as an item information, but the specific type and details of these securities are not detailed in the provided text.
When was Hyperscale Data, Inc. previously known as 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 classification for Hyperscale Data, Inc.?
The Standard Industrial Classification (SIC) code is 3679, categorized as 'ELECTRONIC COMPONENTS, NEC'.
Where is Hyperscale Data, Inc. headquartered?
The company's business address is located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.
Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-10-25 16:30:52
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value GPUS NYSE American 13.0
- $100,000 — the Purchaser, for a purchase price of $100,000. As of October 25, 2024, the Purchaser
- $45.7 million — res, for an aggregate purchase price of $45.7 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
- o10242408k.htm (8-K) — 30KB
- 0001214659-24-017947.txt ( ) — 243KB
- gpus-20241025.xsd (EX-101.SCH) — 4KB
- gpus-20241025_def.xml (EX-101.DEF) — 26KB
- gpus-20241025_lab.xml (EX-101.LAB) — 36KB
- gpus-20241025_pre.xml (EX-101.PRE) — 25KB
- o10242408k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 22, 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 100 shares of Series C convertible preferred stock (the " Series C Convertible Preferred Stock "), and warrants (the " Series C Warrants ") to purchase 29,564 shares (the " Warrant Shares ") of the Company's common stock to the Purchaser, for a purchase price of $100,000. As of October 25, 2024, the Purchaser has purchased an aggregate of 45,700 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase an aggregate of 13,510,718 Warrant Shares, for an aggregate purchase price of $45.7 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
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 25, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel -3-