Series E Preferred Stock Offering
Company: Applied Digital
The claim, verbatim
Offering of up to 2,000,000 shares of Series E Preferred Stock at $25.00 per share for maximum gross proceeds of $50,000,000
Source (primary)
Applied Digital 424B5 filed 2024-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Up to 2,000,000 shares of our Series E Redeemable Preferred Stock, par value $0.001 per share ("Series E Preferred Stock") at a price per share of $25.00 per share. ... aggregate offering price of up to $50,000,000”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The prospectus supplement states the offering of up to 2,000,000 Series E shares at $25.00 each and a maximum aggregate offering price of $50,000,000.
Confirmed in the source:
- The offering is for up to 2,000,000 shares of Series E Preferred Stock
- The price is $25.00 per share
- Maximum gross proceeds (public offering price) are $50,000,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000132/preferredcapitalprospectus.htm) in full (178,920 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-05-17
Quote: “Up to 2,000,000 shares of our Series E Redeemable Preferred Stock, par value $0.001 per share ("Series E Preferred Stock") at a price per share of $25.00 per share. ... aggregate offering price of up to $50,000,000”