Hyperscale Data Secures ~$16M in Financing via Pre-Paid Advance Agreement

Hyperscale Data, Inc. (GPUS) has entered into a Pre-Paid Advance Agreement with YA II PN, Ltd. (Yorkville) for a total principal amount of $15,958,000. This financing provides the company with immediate net proceeds of approximately $15.0 million. The advance is repayable through the issuance of the company's Class A common stock at Yorkville's discretion.

Key Details

• Financing Amount: The company received a pre-paid advance with a face value of $15,958,000, resulting in net proceeds of $15,000,520 after a 6% discount.
• Repayment Structure: Yorkville can convert the outstanding balance into GPUS common stock at a purchase price equal to the lower of a fixed price of $0.2153 or 90% of the 5-day low VWAP, subject to a $0.10 per share floor.
• Interest & Fees: The advance carries a 4% annual interest rate, which increases to 18% upon an event of default. The company also paid a $35,000 structuring and due diligence fee to Yorkville.