Series G Preferred Stock commitment increase
Company: Applied Digital
The claim, verbatim
The Company increased the aggregate commitment amount of Series G Convertible Preferred Stock from $300 million to $450 million on September 11, 2025
Source (primary)
Applied Digital 8-K filed 2025-09-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Second Amendment amends the PEPA to, among other things, 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 $300 million to $450 million.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that the Second Amendment, entered into on September 11, 2025, raised the Series G Preferred Stock commitment from $300 million to $450 million.
Confirmed in the source:
- On September 11, 2025, the Company entered into a second amendment to its preferred equity purchase agreement
- The amendment increased the aggregate commitment amount of Series G Convertible Preferred Stock from $300 million to $450 million
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225013210/form8-k.htm) in full (15,570 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-09-12
Quote: “The Second Amendment amends the PEPA to, among other things, 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 $300 million to $450 million.”