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

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

Hyperscale Data reported significant equity conversions between June 16-20, 2025. The company issued 3,459,638 total new shares of Class A Common Stock through multiple conversions:

  • 1,401,422 shares from converting 2,016.07 shares of Series B Convertible Preferred Stock
  • 1,811,216 shares from converting $2,996,479 of convertible notes (Section 4(a)(2) exemption)
  • 247,000 shares from converting $479,557 of convertible notes (Section 3(a)(9) exemption)

Following these conversions, the company's total Class A Common Stock outstanding reached 6,611,290 shares as of June 20, 2025. These transactions were executed under exemptions from SEC registration requirements, indicating a significant restructuring of the company's equity composition.

Hyperscale Data ha segnalato significative conversioni di azioni tra il 16 e il 20 giugno 2025. La societ脿 ha emesso 3.459.638 nuove azioni totali di Azioni Ordinarie Classe A attraverso diverse conversioni:

  • 1.401.422 azioni derivanti dalla conversione di 2.016,07 azioni di Azioni Preferenziali Convertibili Serie B
  • 1.811.216 azioni derivanti dalla conversione di 2.996.479 dollari di note convertibili (esenzione Sezione 4(a)(2))
  • 247.000 azioni derivanti dalla conversione di 479.557 dollari di note convertibili (esenzione Sezione 3(a)(9))

Dopo queste conversioni, il totale delle Azioni Ordinarie Classe A in circolazione della societ脿 ha raggiunto 6.611.290 azioni al 20 giugno 2025. Queste operazioni sono state effettuate in base a esenzioni dai requisiti di registrazione della SEC, indicando una significativa ristrutturazione della composizione azionaria della societ脿.

Hyperscale Data inform贸 conversiones significativas de acciones entre el 16 y el 20 de junio de 2025. La compa帽铆a emiti贸 3,459,638 nuevas acciones totales de Acciones Comunes Clase A mediante m煤ltiples conversiones:

  • 1,401,422 acciones por la conversi贸n de 2,016.07 acciones de Acciones Preferentes Convertibles Serie B
  • 1,811,216 acciones por la conversi贸n de $2,996,479 en notas convertibles (exenci贸n Secci贸n 4(a)(2))
  • 247,000 acciones por la conversi贸n de $479,557 en notas convertibles (exenci贸n Secci贸n 3(a)(9))

Tras estas conversiones, el total de Acciones Comunes Clase A en circulaci贸n de la compa帽铆a alcanz贸 6,611,290 acciones al 20 de junio de 2025. Estas transacciones se realizaron bajo exenciones de los requisitos de registro de la SEC, lo que indica una reestructuraci贸n significativa en la composici贸n accionarial de la empresa.

Hyperscale Data電� 2025雲� 6鞗� 16鞚茧秬韯� 20鞚缄箤歆 靸侂嫻頃� 欤检嫕 鞝勴櫂鞚� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 鞐煬 鞝勴櫂鞚� 韱淀暣 齑� 3,459,638欤检潣 韥措灅鞀� A 氤错喌欤�毳� 氚滍枆頄堨姷雼堧嫟:

  • 1,401,422欤�電� 鞁滊Μ歃� B 鞝勴櫂 鞖办劆欤� 2,016.07欤茧ゼ 鞝勴櫂頃橃棳 氚滍枆霅�
  • 1,811,216欤�電� 鞝勴櫂 靷眲 $2,996,479(靹轨厴 4(a)(2) 氅挫牅)鞚� 鞝勴櫂頃橃棳 氚滍枆霅�
  • 247,000欤�電� 鞝勴櫂 靷眲 $479,557(靹轨厴 3(a)(9) 氅挫牅)鞚� 鞝勴櫂頃橃棳 氚滍枆霅�

鞚措煬頃� 鞝勴櫂 鞚错泟, 2025雲� 6鞗� 20鞚� 旮办 須岇偓鞚� 齑� 韥措灅鞀� A 氤错喌欤� 氚滍枆 欤检嫕 靾橂姅 6,611,290欤�鞐� 鞚措ゴ霠鞀惦媹雼�. 鞚� 瓯半灅霌れ潃 SEC 霌彪 鞖旉贝 氅挫牅 頃橃棎 鞚措(鞏挫鞙茧┌, 須岇偓鞚� 欤检嫕 甑劚鞐� 欷戩殧頃� 甑“臁办爼鞚� 雮橅儉雰呺媹雼�.

Hyperscale Data a signal茅 d'importantes conversions d'actions entre le 16 et le 20 juin 2025. La soci茅t茅 a 茅mis 3 459 638 nouvelles actions ordinaires de Classe A via plusieurs conversions :

  • 1 401 422 actions issues de la conversion de 2 016,07 actions de S茅rie B d'actions pr茅f茅rentielles convertibles
  • 1 811 216 actions issues de la conversion de 2 996 479 $ de billets convertibles (exemption Section 4(a)(2))
  • 247 000 actions issues de la conversion de 479 557 $ de billets convertibles (exemption Section 3(a)(9))

脌 la suite de ces conversions, le nombre total d'actions ordinaires de Classe A en circulation a atteint 6 611 290 actions au 20 juin 2025. Ces transactions ont 茅t茅 r茅alis茅es sous des exemptions aux exigences d'enregistrement de la SEC, indiquant une restructuration importante de la composition du capital de la soci茅t茅.

Hyperscale Data meldete bedeutende Aktienumwandlungen zwischen dem 16. und 20. Juni 2025. Das Unternehmen gab insgesamt 3.459.638 neue Aktien der Klasse A Stammaktien durch mehrere Umwandlungen aus:

  • 1.401.422 Aktien durch die Umwandlung von 2.016,07 Aktien der Serie B Wandelvorzugsaktien
  • 1.811.216 Aktien durch die Umwandlung von Wandelanleihen im Wert von 2.996.479 USD (Ausnahme nach Abschnitt 4(a)(2))
  • 247.000 Aktien durch die Umwandlung von Wandelanleihen im Wert von 479.557 USD (Ausnahme nach Abschnitt 3(a)(9))

Nach diesen Umwandlungen belief sich die Gesamtzahl der ausstehenden Klasse A Stammaktien des Unternehmens am 20. Juni 2025 auf 6.611.290 Aktien. Diese Transaktionen wurden unter Ausnahmen von den Registrierungspflichten der SEC durchgef眉hrt und deuten auf eine bedeutende Umstrukturierung der Aktienzusammensetzung des Unternehmens hin.

Positive
  • Significant debt-to-equity conversion: Over $3.47M in convertible notes and preferred stock converted to common shares, strengthening the balance sheet by reducing debt obligations
  • Large-scale conversion of Series B Preferred Stock (2,016 shares) to common stock simplifies the capital structure
Negative
  • Substantial dilution for existing shareholders with issuance of 3.46M new common shares, representing approximately 52% increase in outstanding shares

Insights

Hyperscale Data converted major preferred stock and notes to common shares, significantly restructuring capital and potentially diluting existing shareholders.

This 8-K filing reveals a substantial transformation of Hyperscale Data's capital structure through multiple security conversions. Between June 16-20, 2025, the company issued over 3.45 million new Class A Common shares through three distinct conversion events: 1.4 million shares from Series B Convertible Preferred Stock, 1.8 million shares from convertible notes worth $3 million, and 247,000 shares from a $480,000 convertible note.

The scale of these conversions is significant. With only 6.61 million total Class A Common shares now outstanding, these recent conversions represent over half of the company's current equity base. This suggests a major realignment of the company's capital structure and ownership dynamics.

For the balance sheet, these conversions eliminate approximately $3.48 million in convertible debt obligations and over 2,000 shares of preferred stock that likely carried dividend requirements. While debt reduction strengthens financial flexibility by removing future interest payments and maturity obligations, the substantial increase in common shares dilutes existing shareholders' ownership percentage and voting power.

The concentrated timing of these conversions within just a 5-day period suggests a coordinated restructuring rather than random investor decisions. The company's use of Securities Act exemptions (Sections 4(a)(2) and 3(a)(9)) indicates these were private transactions rather than public offerings, potentially involving a limited number of investors making strategic moves.

For investors, this capital restructuring creates a simpler, more transparent equity structure by converting complex securities into straightforward common equity, though at the cost of significant dilution to previous common shareholders.

Hyperscale Data ha segnalato significative conversioni di azioni tra il 16 e il 20 giugno 2025. La societ脿 ha emesso 3.459.638 nuove azioni totali di Azioni Ordinarie Classe A attraverso diverse conversioni:

  • 1.401.422 azioni derivanti dalla conversione di 2.016,07 azioni di Azioni Preferenziali Convertibili Serie B
  • 1.811.216 azioni derivanti dalla conversione di 2.996.479 dollari di note convertibili (esenzione Sezione 4(a)(2))
  • 247.000 azioni derivanti dalla conversione di 479.557 dollari di note convertibili (esenzione Sezione 3(a)(9))

Dopo queste conversioni, il totale delle Azioni Ordinarie Classe A in circolazione della societ脿 ha raggiunto 6.611.290 azioni al 20 giugno 2025. Queste operazioni sono state effettuate in base a esenzioni dai requisiti di registrazione della SEC, indicando una significativa ristrutturazione della composizione azionaria della societ脿.

Hyperscale Data inform贸 conversiones significativas de acciones entre el 16 y el 20 de junio de 2025. La compa帽铆a emiti贸 3,459,638 nuevas acciones totales de Acciones Comunes Clase A mediante m煤ltiples conversiones:

  • 1,401,422 acciones por la conversi贸n de 2,016.07 acciones de Acciones Preferentes Convertibles Serie B
  • 1,811,216 acciones por la conversi贸n de $2,996,479 en notas convertibles (exenci贸n Secci贸n 4(a)(2))
  • 247,000 acciones por la conversi贸n de $479,557 en notas convertibles (exenci贸n Secci贸n 3(a)(9))

Tras estas conversiones, el total de Acciones Comunes Clase A en circulaci贸n de la compa帽铆a alcanz贸 6,611,290 acciones al 20 de junio de 2025. Estas transacciones se realizaron bajo exenciones de los requisitos de registro de la SEC, lo que indica una reestructuraci贸n significativa en la composici贸n accionarial de la empresa.

Hyperscale Data電� 2025雲� 6鞗� 16鞚茧秬韯� 20鞚缄箤歆 靸侂嫻頃� 欤检嫕 鞝勴櫂鞚� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 鞐煬 鞝勴櫂鞚� 韱淀暣 齑� 3,459,638欤检潣 韥措灅鞀� A 氤错喌欤�毳� 氚滍枆頄堨姷雼堧嫟:

  • 1,401,422欤�電� 鞁滊Μ歃� B 鞝勴櫂 鞖办劆欤� 2,016.07欤茧ゼ 鞝勴櫂頃橃棳 氚滍枆霅�
  • 1,811,216欤�電� 鞝勴櫂 靷眲 $2,996,479(靹轨厴 4(a)(2) 氅挫牅)鞚� 鞝勴櫂頃橃棳 氚滍枆霅�
  • 247,000欤�電� 鞝勴櫂 靷眲 $479,557(靹轨厴 3(a)(9) 氅挫牅)鞚� 鞝勴櫂頃橃棳 氚滍枆霅�

鞚措煬頃� 鞝勴櫂 鞚错泟, 2025雲� 6鞗� 20鞚� 旮办 須岇偓鞚� 齑� 韥措灅鞀� A 氤错喌欤� 氚滍枆 欤检嫕 靾橂姅 6,611,290欤�鞐� 鞚措ゴ霠鞀惦媹雼�. 鞚� 瓯半灅霌れ潃 SEC 霌彪 鞖旉贝 氅挫牅 頃橃棎 鞚措(鞏挫鞙茧┌, 須岇偓鞚� 欤检嫕 甑劚鞐� 欷戩殧頃� 甑“臁办爼鞚� 雮橅儉雰呺媹雼�.

Hyperscale Data a signal茅 d'importantes conversions d'actions entre le 16 et le 20 juin 2025. La soci茅t茅 a 茅mis 3 459 638 nouvelles actions ordinaires de Classe A via plusieurs conversions :

  • 1 401 422 actions issues de la conversion de 2 016,07 actions de S茅rie B d'actions pr茅f茅rentielles convertibles
  • 1 811 216 actions issues de la conversion de 2 996 479 $ de billets convertibles (exemption Section 4(a)(2))
  • 247 000 actions issues de la conversion de 479 557 $ de billets convertibles (exemption Section 3(a)(9))

脌 la suite de ces conversions, le nombre total d'actions ordinaires de Classe A en circulation a atteint 6 611 290 actions au 20 juin 2025. Ces transactions ont 茅t茅 r茅alis茅es sous des exemptions aux exigences d'enregistrement de la SEC, indiquant une restructuration importante de la composition du capital de la soci茅t茅.

Hyperscale Data meldete bedeutende Aktienumwandlungen zwischen dem 16. und 20. Juni 2025. Das Unternehmen gab insgesamt 3.459.638 neue Aktien der Klasse A Stammaktien durch mehrere Umwandlungen aus:

  • 1.401.422 Aktien durch die Umwandlung von 2.016,07 Aktien der Serie B Wandelvorzugsaktien
  • 1.811.216 Aktien durch die Umwandlung von Wandelanleihen im Wert von 2.996.479 USD (Ausnahme nach Abschnitt 4(a)(2))
  • 247.000 Aktien durch die Umwandlung von Wandelanleihen im Wert von 479.557 USD (Ausnahme nach Abschnitt 3(a)(9))

Nach diesen Umwandlungen belief sich die Gesamtzahl der ausstehenden Klasse A Stammaktien des Unternehmens am 20. Juni 2025 auf 6.611.290 Aktien. Diese Transaktionen wurden unter Ausnahmen von den Registrierungspflichten der SEC durchgef眉hrt und deuten auf eine bedeutende Umstrukturierung der Aktienzusammensetzung des Unternehmens hin.

false 0000896493 0000896493 2025-06-20 2025-06-20 0000896493 GPUS:ClassCommonStock0.001ParValueMember 2025-06-20 2025-06-20 0000896493 GPUS:Sec13.00SeriesDCumulativeRedeemablePerpetualPreferredStockParValue0.001PerShareMember 2025-06-20 2025-06-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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): June 20, 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 June 16, 2025 and June 20, 2025, Hyperscale Data, Inc. (the “Company”) issued an aggregate of 1,401,422 shares of Class A Common Stock upon conversion of approximately 2,016.07 shares of Series B Convertible Preferred Stock. Between June 16, 2025 and June 20, 2025, the Company issued an aggregate of 1,811,216 shares of Class A Common Stock upon conversion of $2,996,479 of outstanding convertible notes. 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 of 1933, as amended.

 

Between June 16, 2025 and June 17, 2025, the Company issued an aggregate of 247,000 shares of Class A Common Stock upon conversion of an aggregate of $479,557 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.

 

As of June 20, 2025, the Company had 6,611,290 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: June 20, 2025

/s/ Henry Nisser

Henry Nisser

President and General Counsel

 

 

-3-

 

 

 

FAQ

How many shares of Class A Common Stock did GPUS issue through Series B Preferred Stock conversion in June 2025?

GPUS issued 1,401,422 shares of Class A Common Stock through the conversion of approximately 2,016.07 shares of Series B Convertible Preferred Stock between June 16-20, 2025.

What is GPUS's total outstanding Class A Common Stock as of June 20, 2025?

As of June 20, 2025, GPUS had 6,611,290 shares of Class A Common Stock outstanding.

How many shares did GPUS issue through convertible note conversions in June 2025?

GPUS issued a total of 2,058,216 shares of Class A Common Stock through convertible note conversions: 1,811,216 shares from $2,996,479 of convertible notes, and 247,000 shares from $479,557 of another convertible note between June 16-17, 2025.

What legal exemptions did GPUS use for its June 2025 stock issuances?

GPUS relied on two exemptions: Section 4(a)(2) of the Securities Act for the Series B Preferred Stock and first convertible notes conversion, and Section 3(a)(9) of the Securities Act for the $479,557 convertible note conversion.

Where is GPUS (Hyperscale Data, Inc.) headquartered?

Hyperscale Data, Inc. (GPUS) is headquartered at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
Hyperscale Data Inc.

NYSE:GPUS

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GPUS Stock Data

9.59M
8.13M
0.75%
14.34%
14.08%
Aerospace & Defense
Electronic Components, Nec
United States
LAS VEGAS