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[8-K] Hyperscale Data, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Global Mofy AI Limited (GMM) reports the full resolution of its April-2025 PIPE warrants. Purchasers first surrendered 25 % (�2.55 m) of the 10.20 m warrants, leaving 7.65 m outstanding. Between 8-21 July 2025, those remaining warrants were fully exercised via the 0.8× cashless alternative, converting into 6,117,316 Class A ordinary shares. Because the exercise was cashless, the company received no incremental cash.

Following the issuance, share count stands at 25,495,761 Class A and 3,723,975 Class B shares. The new shares—about 24 % of the current Class A total—are registered under the effective Form F-1 (333-287230). This Form 6-K is also incorporated by reference into the company’s Form F-3 shelf (333-284554).

The update removes a sizeable derivative overhang, simplifying the capital structure, but simultaneously dilutes existing holders without providing fresh capital. No financial results, cash-flow data, or guidance were disclosed.

Global Mofy AI Limited (GMM) annuncia la completa risoluzione delle sue warrant PIPE di aprile 2025. Gli acquirenti hanno inizialmente restituito il 25% (circa 2,55 milioni) delle 10,20 milioni di warrant, lasciandone 7,65 milioni in circolazione. Tra l'8 e il 21 luglio 2025, i warrant rimanenti sono stati esercitati completamente tramite l'alternativa cashless 0,8×, convertendosi in 6.117.316 azioni ordinarie di Classe A. Poiché l'esercizio è stato senza contanti, la società non ha ricevuto alcun incremento di liquidità.

Dopo l'emissione, il numero totale di azioni è di 25.495.761 di Classe A e 3.723.975 di Classe B. Le nuove azioni � circa il 24% del totale attuale di Classe A � sono registrate sotto il modulo Form F-1 (333-287230) in vigore. Questo modulo 6-K è inoltre incorporato per riferimento nel Form F-3 shelf della società (333-284554).

L'aggiornamento elimina un consistente onere derivato, semplificando la struttura del capitale, ma allo stesso tempo diluisce gli azionisti esistenti senza fornire nuovo capitale. Non sono stati divulgati risultati finanziari, dati sui flussi di cassa o indicazioni future.

Global Mofy AI Limited (GMM) informa sobre la resolución completa de sus warrants PIPE de abril de 2025. Los compradores inicialmente devolvieron el 25% (aproximadamente 2,55 millones) de los 10,20 millones de warrants, dejando 7,65 millones pendientes. Entre el 8 y el 21 de julio de 2025, esos warrants restantes fueron ejercidos completamente mediante la alternativa sin efectivo 0.8×, convirtiéndose en 6.117.316 acciones ordinarias Clase A. Debido a que el ejercicio fue sin efectivo, la empresa no recibió efectivo adicional.

Tras la emisión, el recuento total de acciones es de 25.495.761 Clase A y 3.723.975 Clase B. Las nuevas acciones � aproximadamente el 24% del total actual de Clase A � están registradas bajo el formulario Form F-1 (333-287230) vigente. Este Formulario 6-K también está incorporado por referencia en el Formulario F-3 shelf de la empresa (333-284554).

La actualización elimina una considerable carga derivada, simplificando la estructura de capital, pero al mismo tiempo diluye a los accionistas existentes sin aportar capital fresco. No se divulgaron resultados financieros, datos de flujo de caja ni previsiones.

Global Mofy AI Limited (GMM)� 2025� 4� PIPE 워런트의 완전� 해결� 보고합니�. 구매자들은 처음� 10.20백만 워런� � 25% (� 255� �)� 반환하여 765� 개가 남았습니�. 2025� 7� 8일부� 21일까지 남은 워런트는 0.8� 현금 없는 대� 방식으로 전액 행사되어 6,117,316개의 클래� A 보통주로 전환되었습니�. 현금 없는 행사였� 때문� 회사� 추가 현금� 받지 않았습니�.

발행 � 주식 수는 클래� A 25,495,761�클래� B 3,723,975�입니�. 신규 주식은 현재 클래� A 총수� � 24%이며, 유효� Form F-1 (333-287230)� 등록되어 있습니다. � Form 6-K� 회사� Form F-3 선반(333-284554)� 참조로도 포함되어 있습니다.

이번 업데이트� 상당� 파생상품 부담이 해소되어 자본 구조가 단순화되었지�, 동시� 기존 주주들의 지� 희석� 발생했으� 새로� 자본 유입은 없었습니�. 재무 결과, 현금 흐름 데이� 또는 가이던스는 공개되지 않았습니�.

Global Mofy AI Limited (GMM) annonce la résolution complète de ses bons de souscription PIPE d'avril 2025. Les acheteurs ont d'abord rendu 25 % (environ 2,55 millions) des 10,20 millions de bons, laissant 7,65 millions en circulation. Entre le 8 et le 21 juillet 2025, les bons restants ont été exercés intégralement via l'alternative sans numéraire 0,8×, se convertissant en 6 117 316 actions ordinaires de Classe A. Comme l'exercice a été sans numéraire, la société n'a reçu aucune liquidité supplémentaire.

Après émission, le nombre d'actions s'élève à 25 495 761 de Classe A et 3 723 975 de Classe B. Les nouvelles actions � environ 24 % du total actuel de Classe A � sont enregistrées sous le formulaire Form F-1 (333-287230) en vigueur. Ce formulaire 6-K est également incorporé par référence dans le registre Form F-3 shelf de la société (333-284554).

Cette mise à jour élimine un important surcroît de dérivés, simplifiant la structure du capital, mais dilue simultanément les actionnaires existants sans apporter de nouveau capital. Aucun résultat financier, données de flux de trésorerie ou indications n'ont été divulgués.

Global Mofy AI Limited (GMM) meldet die vollständige Abwicklung seiner PIPE-Warrants von April 2025. Die Käufer gaben zunächst 25 % (ca. 2,55 Mio.) der 10,20 Mio. Warrants zurück, sodass noch 7,65 Mio. ausstanden. Zwischen dem 8. und 21. Juli 2025 wurden die verbleibenden Warrants vollständig über die 0,8× Cashless-Alternative ausgeübt und in 6.117.316 Class-A-Stammaktien umgewandelt. Da die Ausübung cashless erfolgte, erhielt das Unternehmen keinen zusätzlichen Cashflow.

Nach der Ausgabe liegt die Aktienzahl bei 25.495.761 Class A und 3.723.975 Class B Aktien. Die neuen Aktien � etwa 24 % der aktuellen Class A Gesamtzahl � sind unter dem gültigen Formular F-1 (333-287230) registriert. Dieses Formular 6-K ist zudem im Form F-3 Shelf des Unternehmens (333-284554) referenziert.

Das Update beseitigt eine erhebliche derivative Belastung und vereinfacht die Kapitalstruktur, verwässert jedoch gleichzeitig bestehende Anteilseigner, ohne frisches Kapital zuzuführen. Finanzielle Ergebnisse, Cashflow-Daten oder Prognosen wurden nicht veröffentlicht.

Positive
  • 25 % of warrants voluntarily surrendered, cutting potential future dilution by about 2.55 m shares.
  • Full exercise eliminates warrant overhang, simplifying capital structure and removing derivative uncertainty.
Negative
  • 6.12 m new shares issued, increasing Class A share count by roughly 24 % and diluting existing holders.
  • Cashless exercise delivers no cash proceeds, so dilution is not offset by additional capital for operations.

Insights

TL;DR: Large warrant block removed but 24 % dilution occurs with zero cash inflow—net negative for existing shareholders.

The voluntary surrender of 25 % of the warrants is constructive because it eliminates 2.55 m potential shares and reduces headline overhang risk. However, the cashless exercise of the remaining 7.65 m warrants expands the Class A float by 6.12 m shares—roughly one quarter of shares now outstanding—without adding capital that could fund growth. The transaction therefore pressures per-share metrics and may weigh on market price despite a cleaner cap table. No earnings data or strategic use of funds offset the dilution, and the company still has dual-class governance (3.72 m Class B shares) that concentrates voting power. Overall impact skews negative.

Global Mofy AI Limited (GMM) annuncia la completa risoluzione delle sue warrant PIPE di aprile 2025. Gli acquirenti hanno inizialmente restituito il 25% (circa 2,55 milioni) delle 10,20 milioni di warrant, lasciandone 7,65 milioni in circolazione. Tra l'8 e il 21 luglio 2025, i warrant rimanenti sono stati esercitati completamente tramite l'alternativa cashless 0,8×, convertendosi in 6.117.316 azioni ordinarie di Classe A. Poiché l'esercizio è stato senza contanti, la società non ha ricevuto alcun incremento di liquidità.

Dopo l'emissione, il numero totale di azioni è di 25.495.761 di Classe A e 3.723.975 di Classe B. Le nuove azioni � circa il 24% del totale attuale di Classe A � sono registrate sotto il modulo Form F-1 (333-287230) in vigore. Questo modulo 6-K è inoltre incorporato per riferimento nel Form F-3 shelf della società (333-284554).

L'aggiornamento elimina un consistente onere derivato, semplificando la struttura del capitale, ma allo stesso tempo diluisce gli azionisti esistenti senza fornire nuovo capitale. Non sono stati divulgati risultati finanziari, dati sui flussi di cassa o indicazioni future.

Global Mofy AI Limited (GMM) informa sobre la resolución completa de sus warrants PIPE de abril de 2025. Los compradores inicialmente devolvieron el 25% (aproximadamente 2,55 millones) de los 10,20 millones de warrants, dejando 7,65 millones pendientes. Entre el 8 y el 21 de julio de 2025, esos warrants restantes fueron ejercidos completamente mediante la alternativa sin efectivo 0.8×, convirtiéndose en 6.117.316 acciones ordinarias Clase A. Debido a que el ejercicio fue sin efectivo, la empresa no recibió efectivo adicional.

Tras la emisión, el recuento total de acciones es de 25.495.761 Clase A y 3.723.975 Clase B. Las nuevas acciones � aproximadamente el 24% del total actual de Clase A � están registradas bajo el formulario Form F-1 (333-287230) vigente. Este Formulario 6-K también está incorporado por referencia en el Formulario F-3 shelf de la empresa (333-284554).

La actualización elimina una considerable carga derivada, simplificando la estructura de capital, pero al mismo tiempo diluye a los accionistas existentes sin aportar capital fresco. No se divulgaron resultados financieros, datos de flujo de caja ni previsiones.

Global Mofy AI Limited (GMM)� 2025� 4� PIPE 워런트의 완전� 해결� 보고합니�. 구매자들은 처음� 10.20백만 워런� � 25% (� 255� �)� 반환하여 765� 개가 남았습니�. 2025� 7� 8일부� 21일까지 남은 워런트는 0.8� 현금 없는 대� 방식으로 전액 행사되어 6,117,316개의 클래� A 보통주로 전환되었습니�. 현금 없는 행사였� 때문� 회사� 추가 현금� 받지 않았습니�.

발행 � 주식 수는 클래� A 25,495,761�클래� B 3,723,975�입니�. 신규 주식은 현재 클래� A 총수� � 24%이며, 유효� Form F-1 (333-287230)� 등록되어 있습니다. � Form 6-K� 회사� Form F-3 선반(333-284554)� 참조로도 포함되어 있습니다.

이번 업데이트� 상당� 파생상품 부담이 해소되어 자본 구조가 단순화되었지�, 동시� 기존 주주들의 지� 희석� 발생했으� 새로� 자본 유입은 없었습니�. 재무 결과, 현금 흐름 데이� 또는 가이던스는 공개되지 않았습니�.

Global Mofy AI Limited (GMM) annonce la résolution complète de ses bons de souscription PIPE d'avril 2025. Les acheteurs ont d'abord rendu 25 % (environ 2,55 millions) des 10,20 millions de bons, laissant 7,65 millions en circulation. Entre le 8 et le 21 juillet 2025, les bons restants ont été exercés intégralement via l'alternative sans numéraire 0,8×, se convertissant en 6 117 316 actions ordinaires de Classe A. Comme l'exercice a été sans numéraire, la société n'a reçu aucune liquidité supplémentaire.

Après émission, le nombre d'actions s'élève à 25 495 761 de Classe A et 3 723 975 de Classe B. Les nouvelles actions � environ 24 % du total actuel de Classe A � sont enregistrées sous le formulaire Form F-1 (333-287230) en vigueur. Ce formulaire 6-K est également incorporé par référence dans le registre Form F-3 shelf de la société (333-284554).

Cette mise à jour élimine un important surcroît de dérivés, simplifiant la structure du capital, mais dilue simultanément les actionnaires existants sans apporter de nouveau capital. Aucun résultat financier, données de flux de trésorerie ou indications n'ont été divulgués.

Global Mofy AI Limited (GMM) meldet die vollständige Abwicklung seiner PIPE-Warrants von April 2025. Die Käufer gaben zunächst 25 % (ca. 2,55 Mio.) der 10,20 Mio. Warrants zurück, sodass noch 7,65 Mio. ausstanden. Zwischen dem 8. und 21. Juli 2025 wurden die verbleibenden Warrants vollständig über die 0,8× Cashless-Alternative ausgeübt und in 6.117.316 Class-A-Stammaktien umgewandelt. Da die Ausübung cashless erfolgte, erhielt das Unternehmen keinen zusätzlichen Cashflow.

Nach der Ausgabe liegt die Aktienzahl bei 25.495.761 Class A und 3.723.975 Class B Aktien. Die neuen Aktien � etwa 24 % der aktuellen Class A Gesamtzahl � sind unter dem gültigen Formular F-1 (333-287230) registriert. Dieses Formular 6-K ist zudem im Form F-3 Shelf des Unternehmens (333-284554) referenziert.

Das Update beseitigt eine erhebliche derivative Belastung und vereinfacht die Kapitalstruktur, verwässert jedoch gleichzeitig bestehende Anteilseigner, ohne frisches Kapital zuzuführen. Finanzielle Ergebnisse, Cashflow-Daten oder Prognosen wurden nicht veröffentlicht.

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UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

____________________________________________________________

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

___________________________________________________________________

 

Date of Report (Date of earliest event reported):  July 24, 2025

 

HYPERSCALE DATA, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-12711   94-1721931
(State or other jurisdiction of
incorporation or organization)
  (Commission File Number)   (I.R.S. Employer Identification No.)

 

11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141

(Address of principal executive offices) (Zip Code)

 

(949) 444-5464

(Registrant's telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

  Name of each exchange on which registered
Class A Common Stock, $0.001 par value   GPUS   NYSE American
13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share   GPUS PD   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

  
 

 

Item 3.02Unregistered Sales of Equity Securities.

 

Between July 16, 2025 and July 22, 2025, Hyperscale Data, Inc. (the “Company”) issued an aggregate of 620,000 shares of Class A Common Stock upon conversion of $527,511 of an outstanding convertible note. The Class A Common Stock were offered and sold in reliance upon an exemption from the registration requirements under Section 3(a)(9) under the Securities Act of 1933, as amended (the “Securities Act”).

 

Between July 17, 2025 and July 22, 2025, the Company issued an aggregate of 2,325,000 shares of Class A Common Stock upon conversion of approximately 1,735.88 shares of Series B Convertible Preferred Stock. Between July 17, 2025 and July 22, 2025, the Company issued an aggregate of 2,874 shares of Class A Common Stock upon conversion of an equal number of shares of Class B Common Stock. The shares of Class A Common Stock were issued in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act.

 

As of July 23, 2025, the Company had 22,262,757 shares of Class A Common Stock outstanding.

 

Item 9.01Financial 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: July 24, 2025 /s/ Henry Nisser  
 

Henry Nisser

President and General Counsel

 

 

 

-3-

 

 

FAQ

How many Global Mofy AI (GMM) shares were issued through the warrant exercise?

The company issued 6,117,316 Class A ordinary shares via cashless warrant exercise.

What is GMM's current share count after the transaction?

Outstanding shares now total 25,495,761 Class A and 3,723,975 Class B shares.

Did Global Mofy AI receive cash from the warrant exercise?

No. The warrants were exercised using the cashless alternative, generating no cash proceeds.

What happened to the original 10.2 m PIPE warrants?

Investors surrendered 25 % (�2.55 m) and exercised the remaining 7.65 m for shares.

Are the new shares already registered for resale?

Yes. The shares are covered by the company’s Form F-1 (333-287230), declared effective on 20 May 2025.
Hyperscale Data Inc.

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