Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Hyperscale Data, Inc. (GPUS)

Hyperscale Data Signs $27 Million Convertible Note Deal; First Note Closed Nov. 6

Negative Impact 4 of 5 financing

Hyperscale Data entered a note purchase agreement dated November 6, 2026 with an institutional investor for convertible notes with an aggregate face amount of $27,027,027.03, including original issue discount. The first note closed the same day, and the notes convert into Class A common stock at a discount to market price, which could dilute existing shareholders.

Key points

  • Initial note: $10,810,810.81 principal for a $10,000,000 purchase price, closed November 6, 2026
  • Second note: $5,405,405.41 principal for a $5,000,000 purchase price, expected on or around November 16, 2026
  • Conversion at the lower of $0.30 or a 10% discount to the lowest 5-day VWAP, with a $0.1025 floor; issuance capped at 19.99% of outstanding shares unless stockholders approve
  • Notes accrue 8% interest and mature February 5, 2027, extending to May 5, 2027 after stockholder approval

The filing

CompanyHyperscale Data, Inc. (GPUS)
Form8-K, current report
Filed with the SECNov 6, 2026, 6:55 PM ET
Accession number0001214659-26-013841

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:05 AM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.