---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-018800"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2025-10-21T23:59:59+00:00"
generated_at: "2026-05-17T02:57:55.498586+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Applied Digital ups PEPA commitment to $1.59B, expands Series G preferred shares

## Summary
- Fourth Amendment to PEPA increases aggregate commitment from $590M to $1.590B.
- Authorized Series G Preferred shares raised from 204,000 to 1,030,000.
- Max put issuance capped at $75M; one put per 7 business days; max outstanding $75M (waivable).
- Original discount increased from 2% to 3%; placement agent fee eliminated; variable rate transactions now permitted.
- Floor Price (minimum conversion price) floor raised from $4.33 to $4.48; board may adjust at discretion.

## SEC filing metadata
- accession: 0001493152-25-018800
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2025-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315225018800/0001493152-25-018800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315225018800/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018800
- JSON: https://secwatch.observer/filing/0001493152-25-018800.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018800.txt

## Key facts
- Governance Changes
  Applied Digital Corp.: Increased authorized Series G Preferred Stock from 204,000 to 1,030,000 shares and adjusted the Floor Price limit from $4.33 to $4.48, with board discretion to further adjust Floor Price (effective 2025-10-21).
  - Change: charter amendment
  - Effective: 2025-10-21
  source text: On October 21, 2025, in connection with the entry into the Fourth Amendment, the Company filed an amendment (the “Fifth 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 each of August 14, 2025, September 11, 2025, September 25, 2025 and October 14, 2025 (as amended, the “Certificate of Designations”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000149315225018800/0001493152-25-018800-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.