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Series G Convertible Preferred Stock commitment increase

Company: Applied Digital

Subject kind
financing
Statement date
2026-06-25
Promised amount
2000000000.0 USD
Current status
stated

The claim, verbatim

Aggregate commitment for issuance of Series G Convertible Preferred Stock increased to $2,000,000,000

Source (primary)

Applied Digital 8-K filed 2026-06-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗

Quote: “The Sixth Amendment amends the PEPA to increase the aggregate commitment amount under the PEPA for the issuance of shares of Series G Convertible Preferred Stock, par value $0.001 per share (the "Series G Preferred Stock"), from $1,590,000,000 to $2,000,000,000.”

How we checked this

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226030333/form8-k.htm) in full (9,488 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2026-06-26

Quote: “The Sixth Amendment amends the PEPA to increase the aggregate commitment amount under the PEPA for the issuance of shares of Series G Convertible Preferred Stock, par value $0.001 per share (the "Series G Preferred Stock"), from $1,590,000,000 to $2,000,000,000.”

View cached copy (2026-08-30)Live source ↗