Hyperscale Data (GPUS) said Thursday it entered into a pre-paid advance agreement with investment firm Yorkville.
Yorkville will deliver a roughly $16 million principal advance at a discounted commitment value of around $15 million, and carries a 4% annual interest rate, the company said.
The company will use the capital to build out its data center campus in Michigan and fund general corporate needs, Hyperscale Data said.
Shares of the company were down 7% in Thursday trading.
Price: 0.16, Change: -0.01, Percent Change: -7.15
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