Hyperscale Data, Inc. Files 8-K with Corporate Updates
Ticker: GPUS-PD · Form: 8-K · Filed: Nov 12, 2024 · CIK: 896493
| Field | Detail |
|---|---|
| Company | Hyperscale Data, INC. (GPUS-PD) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $25.00, $3.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-update, filing, amendment
Related Tickers: GPUS
TL;DR
Hyperscale Data (GPUS) filed an 8-K on Nov 12, 2024, with corporate updates and financial info. Formerly Ault Alliance.
AI Summary
Hyperscale Data, Inc. filed an 8-K on November 12, 2024, reporting amendments to its Articles of Incorporation or Bylaws, a Regulation FD Disclosure, and financial statements. The company, formerly known as Ault Alliance, Inc., BitNile Holdings, Inc., and Ault Global Holdings, Inc., is incorporated in Delaware and headquartered in Las Vegas, Nevada.
Why It Matters
This filing provides important updates on Hyperscale Data, Inc.'s corporate structure and regulatory disclosures, which are crucial for investors to understand the company's current standing.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain significant negative news or events.
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
- 20241112 (date) — Filing date
FAQ
What specific amendments were made to Hyperscale Data, Inc.'s Articles of Incorporation or Bylaws?
The filing indicates amendments were made, but the specific details of these amendments are not provided in the provided text.
What is the primary business of Hyperscale Data, Inc. based on its SIC code?
Hyperscale Data, Inc. is classified under SIC code 3679, which corresponds to 'ELECTRONIC COMPONENTS, NEC'.
When did Hyperscale Data, Inc. change its name from Ault Alliance, Inc.?
The company changed its name from Ault Alliance, Inc. on January 3, 2023.
Where is Hyperscale Data, Inc. headquartered?
Hyperscale Data, Inc. is headquartered in Las Vegas, Nevada, with a business address at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.
What is the SEC file number for Hyperscale Data, Inc.?
The SEC file number for Hyperscale Data, Inc. is 001-12711.
Filing Stats: 1,353 words · 5 min read · ~5 pages · Grade level 13.7 · Accepted 2024-11-12 16:30:14
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value GPUS NYSE American 13.0
- $25.00 — ock will accrue on the stated amount of $25.00 per share of the Series E Preferred Sto
- $3.00 — er annum equal to 10.00% (equivalent to $3.00 per year), payable monthly in arrears.
Filing Documents
- b11122438k.htm (8-K) — 36KB
- ex3_1.htm (EX-3.1) — 69KB
- ex99_1.htm (EX-99.1) — 10KB
- hyperscaledata_logo.jpg (GRAPHIC) — 23KB
- 0001214659-24-018757.txt ( ) — 393KB
- gpus-20241112.xsd (EX-101.SCH) — 4KB
- gpus-20241112_def.xml (EX-101.DEF) — 29KB
- gpus-20241112_lab.xml (EX-101.LAB) — 36KB
- gpus-20241112_pre.xml (EX-101.PRE) — 26KB
- b11122438k_htm.xml (XML) — 6KB
03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR. On November 11, 2024, Hyperscale Data, Inc. (the " Company ") filed a Certificate of Designation, Rights and Preferences (the " Certificate of Designation ") with the Secretary of State of the State of Delaware to establish the preferences, voting powers, limitations as to dividends or other distributions, qualifications, terms and conditions of redemption and other terms and conditions of the Company's 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock (the " Series E Preferred Stock "). The following is a summary description of those terms and the general effect of the issuance of the shares of Series E Preferred Stock on the Company's other classes of registered securities. The Series E Preferred Stock will, as to dividend rights and rights as to the distribution of assets upon the Company's liquidation, dissolution or winding-up, rank: (1) senior to all classes or series of Common Stock and to all other equity securities issued by the Company other than equity securities referred to in clauses (2) and (3); (2) on parity with any future class or series of the Company's equity securities expressly designated as ranking on parity with the Series E Preferred Stock, (3) junior to the Company's Series A Cumulative Redeemable Perpetual Preferred Stock and its Series C Convertible Preferred Stock; and all equity securities issued by the Company expressly designated as ranking senior to the Series E Preferred Stock; and (4) junior to all the Company's existing and future indebtedness. To the extent the shares of Series E Preferred Stock are issued, the Company will pay cumulative cash dividends on the Series E Preferred Stock when, as and if declared by its board of directors (or a duly authorized committee of its board of directors), only out of funds legally available for payment of dividends. Dividends on the Series E Preferred Stock will accrue on the stated amount of
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE On November 11, 2024, the Company issued a press release announcing a planned reverse stock split, a copy of which press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. In accordance with General Instruction B.2 of Form 8-K, the information under this item, Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD. The Securities and Exchange Commission encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Current Report on Form 8-K and exhibits may contain these types of statements, which are "forward-looking reflect the Registrant's judgment as of the date of this Current Report on Form 8-K. Forward-looking statements may relate to, among other things, operating results and are indicated by words or phrases such as "expects," "should," "will," and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits: Exhibit No. Description 3.1 Certificate of Designation, Preferences and Rights relating to the 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock, dated November 11, 2024 99.1 Press Release dated November 11, 2024 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). 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: November 12, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel