Series G Preferred Stock aggregate commitment increase
Company: Applied Digital
The claim, verbatim
Aggregate commitment amount of Series G Convertible Preferred Stock increased from $590.0 million to $1.590 billion
Source (primary)
Applied Digital 8-K filed 2025-10-21 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “increase the aggregate commitment amount of the shares of Series G Convertible Preferred Stock, par value $0.001 per share (the "Series G Preferred Stock"), from $590.0 million to $1.590 billion”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The 8-K states the Fourth Amendment raises the Series G commitment from $590.0 million to $1.590 billion, exactly as claimed.
Confirmed in the source:
- The Fourth Amendment to the Preferred Equity Purchase Agreement increases the aggregate commitment amount of Series G Convertible Preferred Stock from $590.0 million to $1.590 billion
- Series G Convertible Preferred Stock has a par value of $0.001 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225018800/form8-k.htm) in full (7,304 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-10-21
Quote: “increase the aggregate commitment amount of the shares of Series G Convertible Preferred Stock, par value $0.001 per share (the "Series G Preferred Stock"), from $590.0 million to $1.590 billion”