Series E Preferred Stock with 8.0% annual dividend
Company: Applied Digital
The claim, verbatim
Applied Digital authorized 5,000,000 shares of Series E Preferred Stock with a Stated Value of $25.00 per share entitled to annual dividends at 8.0% of Stated Value
Source (primary)
Applied Digital 8-K filed 2023-02-21 (SEC EDGAR, sec_filing)
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Quote: “The number of authorized shares of Series E Preferred Stock is 5,000,000 shares ... an amount per share equal to the "Stated Value," or "$25.00" ... dividends on each share of Series E Preferred Stock at an annual rate of 8.0% of the Stated Value.”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2023-02-21
Quote: “The number of authorized shares of Series E Preferred Stock is 5,000,000 shares ... an amount per share equal to the "Stated Value," or "$25.00" ... dividends on each share of Series E Preferred Stock at an annual rate of 8.0% of the Stated Value.”