secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001493152-25-018800
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315225018800/0001493152-25-018800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315225018800/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-018800

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