Applied Digital Corporation entered into a fourth amendment to its Preferred Equity Purchase Agreement with existing investors, increasing the aggregate commitment of Series G Convertible Preferred Stock from $590 million to $1.59 billion. The amendment sets a maximum put issuance amount of $75 million per issuance, limits issuances to one per seven business days, and caps the maximum aggregate stated value of Series G Preferred Stock outstanding at any time to $75 million. The original discount was increased from 2% to 3%, and the placement agent fee was eliminated. No specific number of shares or price per share is disclosed.
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