Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Applied Digital Corp. incurred loan of $50 million (the “Initial Loan”), which was drawn on the Closing Date, plus (b) subject to the mutual consent of the Bor with Macquarie Equipment Capital, Inc. at 8.0% per annum maturing September 9, 2027.
- Instrument
- loan
- Principal
- $50 million (the “Initial Loan”), which was drawn on the Closing Date, plus (b) subject to the mutual consent of the Bor
- Counterparty
- Macquarie Equipment Capital, Inc.
- Rate
- 8.0% per annum
- Maturity
- September 9, 2027
- Event
- incurrence
Exact text from the filing
a promissory note (the “Promissory Note”) with Macquarie Equipment Capital, Inc., a Delaware corporation (the “Lender”). The Promissory Note provides for a principal sum of (a) $50 million (the “Initial Loan”), which was drawn on the Closing Date, plus (b) subject to the mutual consent of the Borrower and the Lender, additional loans in an aggregate principal
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Applied Digital Corp. issued preferred stock to the investors signatory to the PEPA for increase the aggregate commitment amount ... from $300 million to $450 million.
- Security
- preferred stock
- Purchaser
- the investors signatory to the PEPA
- Consideration
- increase the aggregate commitment amount ... from $300 million to $450 million
Exact text from the filing
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. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a form of which is attached hereto as
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Applied Digital Corp.: Increased authorized shares of Series G Convertible Preferred Stock from 156,000 to 204,000 shares via a Certificate of Designations Amendment filed with the Nevada Secretary of State on September 11, 2025 (effective 2025-09-11).
- Change
- charter amendment
- Effective
- 2025-09-11
Exact text from the filing
On September 11, 2025, the Company filed an amendment (the “Certificate of Designations Amendment”) to the Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, originally filed with the Secretary of State of the State of Nevada on April 30, 2025, as amended on August 14, 2025 (as amended, the “Certificate of Designations”).
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