PS4 Safe Mode Loop

I just bought a PS4 that is in safemode loop. All of the options in safe mode are greyed out except for the 7th one (reinitialize software) and I clicked that and plugged in my usb drive with the correct files, and it started to reinitialize and then stops at 99 percent. I switched my hdmi cable and then the PS4 started to boot up like normal you could see the PS4 logo but after a bit when it is about to say Sony it shuts off or something and boots into safemode except the sides are cropped off. I heard buying a new hard drive and installing the operating system will help fix this will it?

I would put my money on a new HDD but that’s not a guarantee.

Did buying a new hdd solve the problem?