Series E Redeemable Preferred Stock Offering
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened May 16, 2024
The claim reports a Dealer Manager Agreement already signed on May 16, 2024. Later filings confirm the date.
“On May 16, 2024, we entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC”
2025-01-13 · Applied Digital 10-Q filed 2025-01-14 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
Entered into Dealer Manager Agreement with Preferred Capital Securities for offering of up to 2,000,000 shares of Series E Redeemable Preferred Stock
Source (primary)
Applied Digital 424B5 filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Dealer Manager has agreed to serve as the Company's agent and dealer manager for an offering of up to 2,000,000 shares of our Series E Redeemable Preferred Stock”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states that Preferred Capital Securities agreed to act as dealer manager for an offering of up to 2,000,000 Series E Redeemable Preferred shares.
Confirmed in the source:
- Applied Digital entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC
- The agreement covers an offering of up to 2,000,000 shares of Series E Redeemable Preferred Stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000167/a06142024ciminitialwarrant.htm) in full (130,571 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-06-17
Quote: “the Dealer Manager has agreed to serve as the Company's agent and dealer manager for an offering of up to 2,000,000 shares of our Series E Redeemable Preferred Stock”