Series E-1 Preferred Stock dividend commitment
Company: Applied Digital
The claim, verbatim
Series E-1 Preferred Stock holders are entitled to receive cumulative dividends at a fixed annual rate of 9% per annum of stated value
Source (primary)
Applied Digital 8-K filed 2024-11-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “holders of the Series E-1 Preferred Stock are entitled to receive a cumulative dividend at a fixed annual rate of 9% per annum of the Stated Value of the Series E-1 Preferred Stock, or $1,000.00, per year”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states holders are entitled to a cumulative dividend at a fixed annual rate of 9% of the $1,000 Stated Value.
Confirmed in the source:
- Series E-1 Preferred Stock holders are entitled to cumulative dividends
- The dividend is at a fixed annual rate of 9% per annum
- The rate applies to the Stated Value ($1,000.00 per share)
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.
Additional evidence
confirms Applied Digital 8-K filed 2024-11-14
Quote: “holders of the Series E-1 Preferred Stock are entitled to receive a cumulative dividend at a fixed annual rate of 9% per annum of the Stated Value of the Series E-1 Preferred Stock, or $1,000.00, per year”