Series G Preferred Stock put right
Company: Applied Digital
The claim, verbatim
Applied Digital has the right to put up to $150 million of Series G Convertible Preferred Stock shares to investors during a 36-month period commencing April 30, 2025
Source (primary)
Applied Digital 8-K filed 2025-05-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Under the PEPA, the Company has the right to put up to $150 million (the "Commitment Amount") of shares of the Company's newly designated Series G Convertible Preferred Stock... during the period commencing on April 30, 2025 (the "Commitment Date") and terminating on the earlier of (i) the 36-month anniversary of the Commitment Date”
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 filed 2025-05-01
Quote: “Under the PEPA, the Company has the right to put up to $150 million (the "Commitment Amount") of shares of the Company's newly designated Series G Convertible Preferred Stock... during the period commencing on April 30, 2025 (the "Commitment Date") and terminating on the earlier of (i) the 36-month anniversary of the Commitment Date”