Series F Convertible Preferred Stock offering
Company: Applied Digital
The claim, verbatim
Private placement of 53191 shares of Series F Convertible Preferred Stock with 8 percent annual dividend; 50 million dollars net proceeds received August 30 2024
Source (primary)
Applied Digital S-1 filed 2024-09-11 (SEC EDGAR, sec_filing)
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Quote: “On August 29, 2024, the Company entered into a securities purchase agreement (the "Series F Purchase Agreement") with YA Fund for the private placement (the "Series F Offering") of 53,191 shares of Series F Convertible Preferred Stock of the Company, par value $0.001 per share (the "Series F Preferred Stock")... The transaction closed on August 30, 2024, for total net proceeds to the Company of $50.0 million.”
How we checked this
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Additional evidence
confirms Applied Digital S-1 filed 2024-09-11
Quote: “On August 29, 2024, the Company entered into a securities purchase agreement (the "Series F Purchase Agreement") with YA Fund for the private placement (the "Series F Offering") of 53,191 shares of Series F Convertible Preferred Stock of the Company, par value $0.001 per share (the "Series F Preferred Stock")... The transaction closed on August 30, 2024, for total net proceeds to the Company of $50.0 million.”