Applied Digital raises Series G convertible preferred floor price to $22 from $12.50

Applied Digital Corp.

Amendment filed on September 25, 2025, increasing Floor Price to $22.00.
Floor Price sets minimum conversion price; reduction remains at company's discretion.
Amendment affects Series G Convertible Preferred Stock originally filed April 30, 2025.
Previous floor was $12.50; change reduces potential dilution at lower conversion rates.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Applied Digital Corp.: Amended Series G Convertible Preferred Stock Certificate of Designations to increase Floor Price from $12.50 to $22.00 (effective 2025-09-25).

Change: charter amendment
Effective: 2025-09-25

Exact text from the filing

On September 25, 2025, Applied Digital Corporation (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 and September 11, 2025 (as amended, the “Certificate of Designations”). The Certificate of Designations Amendment amends the Certificate of Designations to increase the Floor Price (as set forth in Section 1.5(c)(i) of the Certificate of Designations) to $22.00 from $12.50.

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Source: SEC EDGAR

accession 0001493152-25-015760

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