Series G put limit escalation schedule
Company: Applied Digital
The claim, verbatim
Initial $75 million put limit automatically increases by $25 million increments on the 10th, 40th, and 70th days after registration effective date, reaching $150 million maximum
Source (primary)
Applied Digital 8-K filed 2025-05-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The initial limit will automatically increase by an incremental $25 million, for a maximum of the Commitment Amount, on each of the 10th, 40th and 70th days after the date on which a registration statement covering the resale of the shares of Common Stock underlying the Series G Preferred Stock is declared effective”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing sets a $75 million initial limit that rises by $25 million on the 10th, 40th and 70th days after registration becomes effective, capped at the $150 million Commitment Amount.
Confirmed in the source:
- The initial put limit is $75 million
- The limit automatically increases by $25 million on each of the 10th, 40th and 70th days after the registration effective date
- The maximum limit is the $150 million Commitment Amount
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.
Additional evidence
confirms Applied Digital 8-K filed 2025-05-01
Quote: “The initial limit will automatically increase by an incremental $25 million, for a maximum of the Commitment Amount, on each of the 10th, 40th and 70th days after the date on which a registration statement covering the resale of the shares of Common Stock underlying the Series G Preferred Stock is declared effective”