Series F Preferred Stock offering
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened August 30, 2024
The claim reports a Series F private placement that had already closed on August 30, 2024. Later filings confirm the 53,191 Series F shares were designated.
“(vi) 53,191 shares of preferred stock as Series F Convertible Preferred Stock, par value $0.001 per share”
2024-11-13 · Applied Digital 8-K filed 2024-11-14 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Private placement of 53,191 shares of Series F Convertible Preferred Stock closed August 30, 2024, generating $50.0 million in proceeds, with 8% annual cumulative dividends
Source (primary)
Applied Digital S-1 filed 2024-10-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On August 29, 2024, we entered into a securities purchase agreement (the "Series F Purchase Agreement") with YA II PN, LTD. ("YA Fund") for the private placement of 53,191 shares of Series F Convertible Preferred Stock of the Company. The transaction closed on August 30, 2024, for total proceeds to the Company of $50.0 million, before deducting certain offering expenses. Each outstanding share of Series F Preferred Stock is entitled to receive, in preference to our Common Stock, cumulative dividends at an annual rate of 8.0% of $1,000.00 per share of Series F Preferred Stock.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states that the 53,191-share Series F Convertible Preferred placement closed on August 30, 2024, for $50.0 million in proceeds before expenses, with cumulative dividends at 8.0% per year.
Confirmed in the source:
- The private placement covered 53,191 shares of Series F Convertible Preferred Stock
- The transaction closed on August 30, 2024
- Total proceeds to the company were $50.0 million before offering expenses
- Series F shares carry cumulative dividends at an 8.0% annual rate
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224042178/forms-1.htm) in full (127,290 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2024-10-23
Quote: “On August 29, 2024, we entered into a securities purchase agreement (the "Series F Purchase Agreement") with YA II PN, LTD. ("YA Fund") for the private placement of 53,191 shares of Series F Convertible Preferred Stock of the Company. The transaction closed on August 30, 2024, for total proceeds to the Company of $50.0 million, before deducting certain offering expenses. Each outstanding share of Series F Preferred Stock is entitled to receive, in preference to our Common Stock, cumulative dividends at an annual rate of 8.0% of $1,000.00 per share of Series F Preferred Stock.”