{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-015760","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.443876+00:00","generated_at":"2026-05-17T05:31:39.581622+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Applied Digital raises Series G convertible preferred floor price to $22 from $12.50","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-015760","json":"https://secwatch.observer/filing/0001493152-25-015760.json","markdown":"https://secwatch.observer/filing/0001493152-25-015760.md","text":"https://secwatch.observer/filing/0001493152-25-015760.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225015760/0001493152-25-015760-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225015760/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:31:39.581622+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":"865ac72db0152ea1fa83679d216d8f206ece1b06","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225015760/0001493152-25-015760-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-25"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}