Hyperscale Data announces convertible debt offering of up to $27.03 million
GPUS•Hyperscale Data entered a convertible promissory note offering for up to $27.03 million in principal. The notes carry 8% annual interest, rising to 18% upon default, and have an initial maturity date of February 5, 2027.
1. Offering terms
The initial $10.81 million note closed November 6, 2026, for a $10 million purchase price. A second $5.41 million note, with a $5 million purchase price, is scheduled around November 16. By mutual agreement, an optional $10.81 million note could raise another $10 million. The notes carry a 7.5% original issue discount and mature initially on February 5, 2027; maturity may extend to May 5, 2027, subject to stockholder approval and NYSE compliance conditions.
