Hyperscale Data Secures $12.8 Million Convertible Note Financing Led by JGB Capital

Reuters
2025/12/03
<a href="https://laohu8.com/S/GPUS">Hyperscale Data</a> Secures $12.8 Million Convertible Note Financing Led by JGB Capital

Hyperscale Data Inc., along with its subsidiaries Sentinum, Inc. and Alliance Cloud Services, LLC (ACS), has entered into a new Note Purchase Agreement with JGB Capital, LP, JGB Partners, LP, and JGB Capital Offshore Ltd., with JGB Collateral, LLC acting as agent. Under the agreement, Hyperscale Data borrowed $12,768,000 from the investors and issued secured convertible promissory notes, bearing an annual interest rate of 12.5% and maturing on November 30, 2027. The transaction also included an original issue discount of $768,000. Additionally, ACS and the agent executed a Second Priority Future Advance Mortgage on ACS's Dowagiac, Michigan property, and a Subordination Agreement was established to subordinate ACS's obligations to Ault Lending in favor of the new investors. The agreement follows a previous Loan and Guaranty Agreement and its Seventh Amendment involving company affiliates and investor affiliates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyperscale Data Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001214659-25-017512), on December 02, 2025, and is solely responsible for the information contained therein.

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