NeoCapCompaniesValuationsScenariosMetrics
Log inSign up
← Applied Digital Corporation
Fri, Jun 26, 2026

Applied Digital upsizes Series G preferred equity facility to $2.0 billion

Source document ↗

Key points

  • On June 26, 2026, Applied Digital entered the sixth amendment to its April 30, 2025 Preferred Equity Purchase Agreement (PEPA) to provide more availability under the facility.
  • The amendment raises the aggregate commitment for the issuance of Series G convertible preferred stock from $1.59 billion to $2.0 billion.
  • Series G preferred shares, and the common stock issuable on their conversion, are sold under the Section 4(a)(2) private placement exemption.
  • Other terms of the PEPA are not restated in the filing; the form of amendment is filed as Exhibit 10.3.