Hyperscale Data, Inc. Files 8-K

TL;DR

Hyperscale Data, Inc. (fka Ault Alliance) filed an 8-K on 11/21/24 covering material agreements, equity sales, and financials.

AI Summary

Hyperscale Data, Inc. (formerly Ault Alliance, Inc.) filed an 8-K on November 21, 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 indicates significant corporate actions and financial reporting by Hyperscale Data, Inc., which could impact investors and stakeholders.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can carry inherent risks and require further investigation.

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
• 20241121 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value GPUS NYSE American 13.0
• $400,000 — the Purchaser, for a purchase price of $400,000. On November 21, 2024, the Company, pur
• $50,000 — the Purchaser, for a purchase price of $50,000. As of November 21, 2024, the Purchaser
• $46.98 million — res, for an aggregate purchase price of $46.98 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

• p11212408k.htm (8-K) — 30KB
• 0001214659-24-019479.txt ( ) — 243KB
• gpus-20241121.xsd (EX-101.SCH) — 4KB
• gpus-20241121_def.xml (EX-101.DEF) — 26KB
• gpus-20241121_lab.xml (EX-101.LAB) — 36KB
• gpus-20241121_pre.xml (EX-101.PRE) — 25KB
• p11212408k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On November 19, 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 400 shares of Series C convertible preferred stock (the " Series C Convertible Preferred Stock "), and warrants (the " Series C Warrants ") to purchase 118,256 shares (the " Warrant Shares ") of the Company's common stock to the Purchaser, for a purchase price of $400,000. On November 21, 2024, the Company, pursuant to the Agreement, sold 50 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase 14,782 Warrant Shares to the Purchaser, for a purchase price of $50,000. As of November 21, 2024, the Purchaser has purchased an aggregate of 46,980 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase an aggregate of 13,889,136 Warrant Shares, for an aggregate purchase price of $46.98 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: November 21, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel -3-

View Full Filing

View this 8-K filing on SEC EDGAR