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Form 8-K · Current Report · Filed 2024-10-24

Applied Digital Corporation Withdraws Preferred Stock Designations

Applied Digital Corporation, a Nevada corporation, withdrew the designations of Series A, B, and D Preferred Stock on October 21, 2024.

Filer
Applied Digital Corporation APLD · NASDAQ
Filed
Accession
0001493152-24-042379
CIK
0001144879
Signal
Medium impactTechnology

Details

This action terminated the designations of these preferred stocks and eliminated related matters from the company's Articles of Incorporation. The withdrawals were effective upon filing with the Secretary of State of Nevada, and no shares of these preferred stocks were outstanding at the time.

Items reported

Item 5.03

Amendments to Articles of Incorporation or Bylaws

Articles of Incorporation Amendment
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$8.61

Next session

-6.6%

Since filing

+218.1%

Latest close

$27.39

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from APLD reporting the same item, with the next session's move:

Exhibits (3)

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.

Exchange NASDAQ Industry Information Technology Services Company website ↗

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