Hyperscale Data, Inc. Enters into Securities Purchase Agreement for Series H Convertible Preferred Stock

SEC Filing 8-K (0001214659-25-011358)

Hyperscale Data, Inc. (the "Company") entered into a Securities Purchase Agreement with Ault & Company, Inc. (the "Purchaser") on July 31, 2025. The agreement involves the sale of up to 100,000 shares of Series H Convertible Preferred Stock, convertible into the Company's Class A common stock, for a total purchase price of up to $100,000,000. The Series H Convertible Preferred Stock carries a stated value of $1,000 per share and includes conversion rights, voting rights, dividend rights, and liquidation preferences. The conversion price is set at the greater of $0.10 per share or 105% of the volume-weighted average price of the common stock. Dividends are cumulative at an annual rate of 9.5%, payable monthly, with the option to pay in common stock for the first two years. The agreement is subject to customary closing conditions, regulatory approvals, and stockholder approval. The transaction is expected to close by December 31, 2026, with the possibility of extension.