Series E Preferred Stock offering via dealer manager
Company: Applied Digital
The claim, verbatim
Applied Digital entered into Dealer Manager Agreement with Preferred Capital Securities, LLC to offer up to 2,000,000 shares of Series E Redeemable Preferred Stock at $25.00 per share
Source (primary)
Applied Digital 8-K filed 2024-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “entered into a Dealer Manager Agreement (the "Dealer Manager Agreement") with Preferred Capital Securities, LLC (the "Dealer Manager"), pursuant to which the Dealer Manager has agreed to serve as the Company's agent and dealer manager for the Company's offering (the "Offering") of up to 2,000,000 shares of its Series E Redeemable Preferred Stock... Each share of Series E Preferred Stock will be sold a public offering price of $25.00 per share (the "Stated Value").”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The 8-K states that on May 16, 2024 Applied Digital signed a Dealer Manager Agreement with Preferred Capital Securities, LLC. It covers an offering of up to 2,000,000 Series E Redeemable Preferred shares at $25.00 each.
Confirmed in the source:
- Applied Digital entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC
- Preferred Capital Securities agreed to act as agent and dealer manager for Applied Digital's offering
- The offering covers up to 2,000,000 shares of Series E Redeemable Preferred Stock
- Each Series E Preferred share is offered at a public offering price of $25.00
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000133/apld-20240516.htm) in full (9,975 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-05-17
Quote: “entered into a Dealer Manager Agreement (the "Dealer Manager Agreement") with Preferred Capital Securities, LLC (the "Dealer Manager"), pursuant to which the Dealer Manager has agreed to serve as the Company's agent and dealer manager for the Company's offering (the "Offering") of up to 2,000,000 shares of its Series E Redeemable Preferred Stock... Each share of Series E Preferred Stock will be sold a public offering price of $25.00 per share (the "Stated Value").”