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Series E-1 Preferred Stock offering

Company: Applied Digital

Subject kind
financing
Statement date
2024-10-22
Current status
stated

The claim, verbatim

Company entered into Dealer Manager Agreement on September 23, 2024, for offering of up to 2,500,000 shares of Series E-1 Redeemable Preferred Stock (registration statement filed but not yet effective)

Source (primary)

Applied Digital S-1 filed 2024-10-23 (SEC EDGAR, sec_filing)
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Quote: “On September 23, 2024, we entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC (the "Dealer Manager"), pursuant to which the Dealer Manager agreed to serve as our agent and dealer manager for an offering of up to 2,500,000 shares of the Company's Series E-1 Redeemable Preferred Stock, par value $0.001 (the "Series E-1 Preferred Stock"). In connection with the issuance of the Series E-1 Preferred Stock, we filed a registration statement on Form S-1, including a preliminary prospectus, with the SEC under the Securities Act to register the offer and sale of the Series E-1 Preferred Stock, which registration statement has not yet been declared effective by the SEC.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital S-1 filed 2024-10-23

Quote: “On September 23, 2024, we entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC (the "Dealer Manager"), pursuant to which the Dealer Manager agreed to serve as our agent and dealer manager for an offering of up to 2,500,000 shares of the Company's Series E-1 Redeemable Preferred Stock, par value $0.001 (the "Series E-1 Preferred Stock"). In connection with the issuance of the Series E-1 Preferred Stock, we filed a registration statement on Form S-1, including a preliminary prospectus, with the SEC under the Securities Act to register the offer and sale of the Series E-1 Preferred Stock, which registration statement has not yet been declared effective by the SEC.”

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