Series G Preferred Stock proceeds for data center construction
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Applied Digital may receive up to $835.0 million in additional proceeds from Series G Preferred Stock issuances, intended for working capital and general corporate purposes, including continued construction and build-out at Polaris Forge 1 and Polaris Forge 2
Source (primary)
Up to $835M may fund data-center construction as Applied Digital (APLD) registers shares for resale. - Stock Titan (-, news_article)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “Applied Digital may receive up to $835.0 million in additional proceeds from Series G Preferred Stock issuances, intended for working capital and general corporate purposes, including continued construction and build-out at Polaris Forge 1 and Polaris Forge 2.”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The filing's Use of Proceeds section states each element: up to $835.0 million in additional Series G proceeds, for working capital and general corporate purposes including build-out at Polaris Forge 1 and 2.
Confirmed in the source:
- Applied Digital may receive up to $835.0 million in additional proceeds from Series G Preferred Stock issuances
- Applied Digital intends to use the proceeds for working capital and general corporate purposes
- The intended uses include continued construction and build-out at Polaris Forge 1 and Polaris Forge 2
What we did: Read our cached copy of the publisher (https://www.stocktitan.net/sec-filings/APLD/posasr-applied-digital-corp-sec-filing-9b94e028cab4.html) in full (122,061 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Up to $835M may fund data-center construction as Applied Digital (APLD) registers shares for resale. - Stock Titan
Quote: “Applied Digital may receive up to $835.0 million in additional proceeds from Series G Preferred Stock issuances, intended for working capital and general corporate purposes, including continued construction and build-out at Polaris Forge 1 and Polaris Forge 2.”