---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-045934"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:16:41.998084+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Applied Digital files Series E-1 Preferred Stock terms: 9% dividend, up to $62.5M offering

## Summary
- 62,500 shares of Series E-1 Preferred designated at $1,000 stated value for up to $62.5M offering.
- Cumulative 9% annual dividend, payable monthly from legally available funds.
- Holder optional redemption with early fees 9% to 5% over 3 years; company redemption after 2 years.
- Prior Series A, B, D Preferred withdrawn Oct 24, 2024; undesignated preferred shares now 2,224,309.

## SEC filing metadata
- accession: 0001493152-24-045934
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315224045934/0001493152-24-045934-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315224045934/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-045934
- JSON: https://secwatch.observer/filing/0001493152-24-045934.json
- Plain text: https://secwatch.observer/filing/0001493152-24-045934.txt

## Key facts
- Governance Changes
  Applied Digital Corp.: Filed Certificate of Designations establishing Series E-1 Preferred Stock (effective 2024-11-08).
  - Change: charter amendment
  - Effective: 2024-11-08
  source text: On November 8, 2024, the Company filed a Certificate of Designations of the Powers, Preferences and Relative, Participating, Optional and Other Restrictions of Series E-1 Preferred Stock of the Company (the “Certificate of Designations”) with the Secretary of State of the State of Nevada to establish the rights, privileges, preferences, and restrictions of the Series E-1 Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000149315224045934/0001493152-24-045934-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.