Applied Digital Corporation Announces Dealer Manager Agreement for Series E-1 Preferred Stock Offering

Details

The shares will be sold at a public offering price of $25.00 per share, subject to adjustment as detailed in the Prospectus. The Company will pay the Dealer Manager a fee of 2% of the Stated Value per Share sold and a selling commission of up to 6%. The Dealer Manager is required to use its best efforts to sell the shares pursuant to a subscription agreement or unit agreement. The Company also entered into an Amended and Restated Services Agreement with Preferred Shareholder Services, LLC, an affiliate of the Dealer Manager, to provide non-distribution related support services relating to the Series E-1 Preferred Stock.

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About Applied Digital Corporation

Applied Digital Corporation specializes in digital infrastructure provision, focusing primarily on the management and operation of next-generation data centers. These facilities are optimized for high-performance computing applications, which are critical for areas such as artificial intelligence, machine learning, and blockchain technologies. As the demand for computational power grows across various industries, Applied Digital plays a pivotal role in facilitating the infrastructure that powers advanced technological developments. This company is notable for its energy-efficient solutions and scalable architecture, catering to sectors requiring substantial processing capabilities. Operating in the rapidly evolving landscape of tech infrastructure, Applied Digital is positioned to impact diverse fields, from finance and healthcare to scientific research and entertainment. By providing robust and flexible infrastructure, it enables organizations to expand their digital capabilities, highlighting its importance in the global push towards greater computational efficiency and innovation.