Series E Preferred Stock certificate of designation
Company: Applied Digital
The claim, verbatim
Applied Digital filed Certificate of Designation establishing Series E Preferred Stock with 5,000,000 authorized shares at $25.00 stated value and 8.0% annual dividend rate
Source (primary)
Applied Digital 8-K filed 2023-02-21 (SEC EDGAR, sec_filing)
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Quote: “On February 14, 2023, the Company filed a Certificate of Designation of Rights, Privileges, Preferences, and Restrictions of Series E Preferred Stock (the "Certificate of Designation") with the Secretary of the State of the State of Nevada... The number of authorized shares of Series E Preferred Stock is 5,000,000 shares... The holders of the Series E Preferred Stock shall be entitled to receive, and the Company shall pay, out of legally available funds, dividends on each share of Series E Preferred Stock at an annual rate of 8.0% of the Stated Value.”
How we checked this
Additional evidence
confirms Applied Digital 8-K filed 2023-02-21
Quote: “On February 14, 2023, the Company filed a Certificate of Designation of Rights, Privileges, Preferences, and Restrictions of Series E Preferred Stock (the "Certificate of Designation") with the Secretary of the State of the State of Nevada... The number of authorized shares of Series E Preferred Stock is 5,000,000 shares... The holders of the Series E Preferred Stock shall be entitled to receive, and the Company shall pay, out of legally available funds, dividends on each share of Series E Preferred Stock at an annual rate of 8.0% of the Stated Value.”