Financing ·
Hyperscale Data borrows $21M, extends loan maturity to December 2027 under Eighth Amendment
GPUSHyperscale Data, Inc.
Hyperscale Data, Inc., through its affiliate Ault & Company, borrowed an additional $21 million and issued secured promissory notes totaling $22,580,645 under the Eighth Amendment to its Loan and Guaranty Agreement with JGB Capital. The transaction extends the maturity date of all loans under the agreement until December 14, 2027. Ault & Company intends to lend these funds to Rockwell One Holdings to settle existing debt for a manufacturing facility in LaGrange, Georgia, which houses Remington firearms operations. Hyperscale Guarantors and executives Milton C. Ault, III and Scott Soura agreed to guarantee the repayment of the notes, secured by collateral including mortgages on properties owned by the guarantors and a leasehold mortgage on the Rockwell Property. The company operates in the real estate investment and data center infrastructure sector.