Series G Preferred Stock put right

Checked on September 17, 2026. The cited source supports part of this claim, but not all of it.

The filing confirms the $150 million put right beginning April 30, 2025. It describes 36 months as the maximum length, not a fixed term, because the period can end earlier if shares under the Exchange Cap run out.

Confirmed in the source:

• Applied Digital has the right to put up to $150 million of Series G Convertible Preferred Stock shares to investors
• The put period commences April 30, 2025
• The put period can last up to the 36-month anniversary of April 30, 2025

We could not confirm this from the cited source:

• That the put period necessarily runs a full 36 months, since the filing says it ends at the earlier of the 36-month anniversary or when too few authorized common shares remain under the Exchange Cap

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000164117225008007/form8-k.htm) in full (14,354 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

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”

View cached copy (2026-08-31)Live source ↗