Series F Preferred Stock convertible share count
Company: Applied Digital
The claim, verbatim
Series F Preferred Stock convertible into 7,598,714 shares of Common Stock at $7.00 initial conversion price, subject to Nasdaq shareholder approval
Source (primary)
Applied Digital 8-K filed 2024-08-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Based on its initial stated value of $1,000 per share and the $7.00 Initial Conversion Price, the Series F Preferred Stock would be convertible into an aggregate of 7,598,714 shares of Common Stock.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives the $7.00 initial conversion price and the 7,598,714-share figure. It also says the stock becomes convertible only if Nasdaq stockholder approval is obtained.
Confirmed in the source:
- The initial conversion price of the Series F Preferred Stock is $7.00 per share
- At that price, the Series F Preferred Stock would be convertible into an aggregate of 7,598,714 shares of Common Stock
- Convertibility depends on receiving Nasdaq stockholder approval
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000222/apld-20240829.htm) in full (22,402 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-08-30
Quote: “Based on its initial stated value of $1,000 per share and the $7.00 Initial Conversion Price, the Series F Preferred Stock would be convertible into an aggregate of 7,598,714 shares of Common Stock.”