Hyperscale Data, Inc. Files 8-K
Ticker: GPUS-PD · Form: 8-K · Filed: Nov 15, 2024 · CIK: 896493
| Field | Detail |
|---|---|
| Company | Hyperscale Data, INC. (GPUS-PD) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $95,000, $730,000, $46.53 million, $75 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, corporate-filing
TL;DR
Hyperscale Data (formerly Ault Alliance) filed an 8-K on Nov 15, 2024, covering material agreements and equity sales.
AI Summary
Hyperscale Data, Inc. filed an 8-K on November 15, 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 based in Las Vegas, NV.
Why It Matters
This filing indicates significant corporate actions and financial reporting by Hyperscale Data, Inc., which could impact investors and stakeholders.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting routine corporate events and financial statements, not indicating immediate operational or financial distress.
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
- November 15, 2024 (date) — Filing date
FAQ
What specific material definitive agreement was entered into by Hyperscale Data, Inc.?
The filing does not specify the details of the material definitive agreement, only that it is a subject of the 8-K report.
What type of equity securities were sold in the unregistered sale?
The filing mentions unregistered sales of equity securities but does not provide specific details on the type or amount of securities sold.
When did Hyperscale Data, Inc. change its name from Ault Alliance, Inc.?
Hyperscale Data, Inc. changed its name from Ault Alliance, Inc. on January 3, 2023.
What is the primary business of Hyperscale Data, Inc. according to its SIC code?
Hyperscale Data, Inc.'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 in Las Vegas, NV, with a business address at 11411 Southern Highlands Parkway, Suite 240.
Filing Stats: 735 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-11-15 16:30:27
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value GPUS NYSE American 13.0
- $95,000 — the Purchaser, for a purchase price of $95,000. On November 15, 2024, the Company, pur
- $730,000 — the Purchaser, for a purchase price of $730,000. As of November 15, 2024, the Purchaser
- $46.53 million — res, for an aggregate purchase price of $46.53 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
- b11152418k.htm (8-K) — 31KB
- 0001214659-24-019263.txt ( ) — 250KB
- gpus-20241115.xsd (EX-101.SCH) — 4KB
- gpus-20241115_def.xml (EX-101.DEF) — 29KB
- gpus-20241115_lab.xml (EX-101.LAB) — 36KB
- gpus-20241115_pre.xml (EX-101.PRE) — 26KB
- b11152418k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On November 13, 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 95 shares of Series C convertible preferred stock (the " Series C Convertible Preferred Stock "), and warrants (the " Series C Warrants ") to purchase 28,086 shares (the " Warrant Shares ") of the Company's common stock to the Purchaser, for a purchase price of $95,000. On November 15, 2024, the Company, pursuant to the Agreement, sold 735 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase 217,295 Warrant Shares to the Purchaser, for a purchase price of $730,000. As of November 15, 2024, the Purchaser has purchased an aggregate of 46,530 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase an aggregate of 13,756,099 Warrant Shares, for an aggregate purchase price of $46.53 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: November 15, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel -3-