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12.75% annual dividend on Preferred Units

Company: Applied Digital

Subject kind
financing
Statement date
2025-01-13
Promised amount
12.75 percent
Current status
stated

The claim, verbatim

Preferred Units accrue dividend at 12.75% per annum, increasing by 87.5 basis points on fifth and sixth anniversaries of Closing

Source (primary)

Applied Digital 8-K filed 2025-01-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Preferred Units are to accrue a dividend at a rate of 12.75% per annum, paid in kind or, at the Issuer's election, cash (subject to excess cash distributions), which is to increase by 87.5 basis points on the fifth and sixth anniversaries of the Closing”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225002040/form8-k.htm) in full (16,003 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2025-01-14

Quote: “The Preferred Units are to accrue a dividend at a rate of 12.75% per annum, paid in kind or, at the Issuer's election, cash (subject to excess cash distributions), which is to increase by 87.5 basis points on the fifth and sixth anniversaries of the Closing”

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