<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.
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