Preferred stock bears 8% interest
Company: Applied Digital
The claim, verbatim
The convertible preferred stock has a stated value of $1,000 per share and bears interest at eight percent, payable in PIK or cash.
Source (primary)
applied-digital 8-K exhibit (ex991apld-yaxprojectsupern.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “The convertible preferred stock has a stated value of $1,000 per share and bears interest at eight percent, payable in PIK or 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 (ex991apld-yaxprojectsupern.htm)
Quote: “The convertible preferred stock has a stated value of $1,000 per share and bears interest at eight percent, payable in PIK or cash”