Applied Digital raises Series G preferred stock floor price to $34.00 from $22.00

Applied Digital Corp.

Filed amendment to Series G Convertible Preferred Stock Certificate of Designations on Oct 14, 2025.
Floor Price increased to $34.00 from $22.00, setting minimum conversion price.
Company retains discretion not to reduce floor price further; amendment effective immediately.
Change may limit future dilution from conversion of Series G preferred stock.

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 Certificate of Designations for Series G Convertible Preferred Stock to increase Floor Price from $22.00 to $34.00 (effective 2025-10-14).

Change: charter amendment
Effective: 2025-10-14

Exact text from the filing

On October 14, 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, September 11, 2025 and September 25, 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 $34.00 from $22.00.

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Source: SEC EDGAR

accession 0001493152-25-018464

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