Hyperscale Data, Inc. Files 8-K for Material Agreement & Asset Deal

TL;DR

Hyperscale Data (GPUS) just filed an 8-K for a big new deal and asset changes. Watch this space.

AI Summary

Hyperscale Data, Inc. (formerly Ault Alliance, Inc.) filed an 8-K on December 16, 2024, to report a material definitive agreement and the completion of an acquisition or disposition of assets. The filing also includes Regulation FD disclosures and financial statements/exhibits. The company's business address is in Las Vegas, NV.

Why It Matters

This filing indicates significant corporate activity, including a new material agreement and a change in assets, which could impact the company's future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates significant corporate actions like material agreements and asset changes, which inherently carry business 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
• 20241216 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value GPUS NYSE American 13.0
• $13,000,000 — er. The sale price for the property was $13,000,000. The foregoing description of the Sale

Filing Documents

• x12152408k.htm (8-K) — 33KB
• ex10_1.htm (EX-10.1) — 151KB
• ex10_2.htm (EX-10.2) — 10KB
• ex10_3.htm (EX-10.3) — 10KB
• ex99_1.htm (EX-99.1) — 11KB
• hyperscaledata_logo.jpg (GRAPHIC) — 23KB
• 0001214659-24-020560.txt ( ) — 511KB
• gpus-20241216.xsd (EX-101.SCH) — 4KB
• gpus-20241216_def.xml (EX-101.DEF) — 26KB
• gpus-20241216_lab.xml (EX-101.LAB) — 36KB
• gpus-20241216_pre.xml (EX-101.PRE) — 25KB
• x12152408k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On December 13, 2024 (the " Closing Date "), Third Avenue Apartments LLC (" Third Avenue Apartments "), which is a wholly owned subsidiary of Ault Global Real Estate Equities, Inc., a wholly owned subsidiary of Ault Capital Group, Inc., which in turn is a wholly owned subsidiary of Hyperscale Data, Inc. (the " Company "), completed the sale of its real property located at the southeast corner of 5th Street North and 3rd Avenue North in St. Petersburg, Florida (the " Property "). The Property was sold on the Closing Date to Cats Mirror Lake, LLC (the " Buyer ") pursuant to a contract of sale, as amended (the " Sale Agreement ") entered into by Third Avenue Apartments and the Buyer. The sale price for the property was $13,000,000. The foregoing description of the Sale Agreement, as amended, does not purport to be complete and is qualified in its entirety by reference to the form of Sale Agreement and the two amendments thereto, which are annexed hereto as Exhibits 10.1, 10.2 and 10.3 , respectively, to this Current Report on Form 8-K and are incorporated herein by reference. The foregoing does not purport to be a complete description of the rights and obligations of the parties thereunder and such descriptions are qualified in their entirety by reference to such exhibits.

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference to this Item 2.01.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On December 16, 2024, the Company issued a press release announcing the disposition of the Property. A copy of the 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 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 statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and 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 statements when evaluating the information presented within.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Form of Contract of Sale. 10.2 Form of First Amendment to the Contract of Sale. 10.3 Form of Second Amendment to the Contract of Sale. 99.1 Press Release issued on December 16, 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: December 16, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR