Series E-1 Redeemable Preferred Stock Offering
Company: Applied Digital
The claim, verbatim
Offering of up to 62,500 shares of Series E-1 Redeemable Preferred Stock at $1,000 per share for maximum proceeds of $62.5 million
Source (primary)
Applied Digital S-1/A filed 2024-10-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Up to 62,500 shares of Series E-1 Redeemable Preferred Stock, par value $0.001 per share ("Series E-1 Preferred Stock"), at a price per share of $1,000.00 per share (the "Offering")”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The prospectus cover describes an offering of up to 62,500 Series E-1 shares at $1,000.00 per share. Its pricing table shows a maximum public offering amount of $62,500,000.
Confirmed in the source:
- The offering covers up to 62,500 shares of Series E-1 Redeemable Preferred Stock
- The price is $1,000.00 per share
- Maximum gross offering proceeds are $62,500,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224042927/forms-1a.htm) in full (173,807 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1/A filed 2024-10-29
Quote: “Up to 62,500 shares of Series E-1 Redeemable Preferred Stock, par value $0.001 per share ("Series E-1 Preferred Stock"), at a price per share of $1,000.00 per share (the "Offering")”