On August 14, 2025, Applied Digital Corporation entered into an amendment to its preferred equity purchase agreement with the investors signatory thereto. The amendment increased the aggregate commitment amount of Series G Convertible Preferred Stock from $150 million to $300 million by removing the previous Put Limitation. The shares and their pricing specifics beyond the aggregate amount are not detailed in the document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-024438), on August 15, 2025, and is solely responsible for the information contained therein.