{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-010113","form_type":"8-K/A","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2026-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.618389+00:00","generated_at":"2026-05-15T12:22:35.268856+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Applied Digital fixes PSU award error; existing Polaris Forge data centers now count toward hurdles","bullets":["Amended agreement with President Jason Zhang corrects scrivener's error that omitted existing Polaris Forge 1 data centers from PSU hurdle calculation.","Investment-grade hyperscaler requirement now applies only to First and Third Hurdles; any hyperscaler counts for Second and Fourth Hurdles.","Total PSUs unchanged at 1.5 million; vesting hurdles remain 600 MW for First/Third and 1.6 GW for Second/Fourth.","All contracts entered before award date now count toward hurdles; prior version only considered post-award contracts."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-010113","json":"https://secwatch.observer/filing/0001493152-26-010113.json","markdown":"https://secwatch.observer/filing/0001493152-26-010113.md","text":"https://secwatch.observer/filing/0001493152-26-010113.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226010113/0001493152-26-010113-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226010113/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T12:22:35.268856+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}