12.75% preferred dividend
Company: Applied Digital
The claim, verbatim
The preferred equity accrues a 12.75% annual dividend, PIK or cash at APLDH's election, stepping up 87.5 bps on the fifth and sixth anniversaries of closing if still outstanding; minimum 1.80x MOIC liquidation preference.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-21)Live source ↗
Quote: “The preferred equity will accrue a dividend at a rate of 12.75% per annum, paid in kind or, at APLDH’s election, cash”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “The preferred equity will accrue a dividend at a rate of 12.75% per annum, paid in kind or, at APLDH’s election, cash”