Series E-1 Preferred Stock offering initiated

Checked on September 17, 2026. The cited source supports every part of this claim.

The filing states Applied Digital entered into a dealer manager agreement for a registered offering of up to $62.5 million of Series E-1 Redeemable Preferred Stock. It also says the offering had its initial settlement and remains ongoing.

Confirmed in the source:

• Applied Digital has a registered offering of Series E-1 Redeemable Preferred Stock (the Series E-1 Offering)
• The offering is for up to $62,500,000 of Series E-1 Redeemable Preferred Stock
• The offering was set up via a Dealer Manager Agreement with Preferred Capital Securities, LLC entered on September 23, 2024, with initial settlement and the offering ongoing

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224045934/form8-k.htm) in full (16,994 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

confirms Applied Digital 8-K filed 2024-11-14

Quote: “entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC (the "Dealer Manager"), pursuant to which the Dealer Manager agreed to serve as the Company's agent and dealer manager for the Company's registered offering (the "Series E-1 Offering") of up to $62,500,000 of the Company's Series E-1 Redeemable Preferred Stock”

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