Financing ·
Hyperscale Data, Inc. entered into a Pre-Paid Advance Agreement with YA II PN, Ltd. (Yorkville) to receive a…
GPUSHyperscale Data, Inc.
Hyperscale Data, Inc. entered into a Pre-Paid Advance Agreement with YA II PN, Ltd. (Yorkville) to receive a $15,958,000 pre-paid advance, resulting in net proceeds of $15,000,520. The agreement includes a 4% annual interest rate and allows Yorkville to purchase shares of Class A common stock at a fixed price of $0.2153 or 90% of the lowest 5-day VWAP, with a floor price of $0.10. Hyperscale Data, Inc. operates in the data center and cloud computing infrastructure industry.