{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-23-000159","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2023-06-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.062388+00:00","generated_at":"2026-06-14T03:31:45.779022+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Applied Digital amends Series E Preferred terms; dividends now cash-only","bullets":["Certificate of Amendment to Series E Preferred filed June 8, 2023, effective June 9.","Amendment removes ability for Series E holders to request dividends in common stock.","All future dividends on Series E will be paid only in cash from legally available funds."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-23-000159","json":"https://secwatch.observer/filing/0001144879-23-000159.json","markdown":"https://secwatch.observer/filing/0001144879-23-000159.md","text":"https://secwatch.observer/filing/0001144879-23-000159.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000159/0001144879-23-000159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000159/apld-20230608.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T03:31:45.779022+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6233eddeca1a285a433aad4d31b1773f66a18cd9","claim":"Applied Digital Corp.: Removed ability of Series E Preferred Stock holders to request payment of dividends in common stock; dividends will only be paid in cash (effective 2023-06-09).","evidence_excerpt":"On June 8, 2023, Applied Digital Corporation (the “Company”) filed a Certificate of Amendment to the Certificate of Designation of Rights, Privileges, Preferences, and Restrictions of Series E Preferred Stock (the “Certificate of Amendment”) with the Secretary of State of the State of Nevada, which removed the ability of the holders of Series E Preferred Stock to request payment of dividends in common stock of the Company. Dividends payable to the holders of Series E Preferred Stock will only be paid in cash out of the Company’s legally available funds. The Certificate of Amendment became effective on June 9, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487923000159/0001144879-23-000159-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-06-09"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}