secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001493152-24-045934
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital files Series E-1 Preferred Stock terms: 9% dividend, up to $62.5M offering
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- 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- Prior Series A, B, D Preferred withdrawn Oct 24, 2024; undesignated preferred shares now 2,224,309.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315224045934/0001493152-24-045934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315224045934/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045934

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer