Applied Digital Corporation entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC on September 23, 2024, for a proposed offering of up to 2.5 million shares of Series E-1 Redeemable Preferred Stock at $25.00 per share. The offering will be conducted under a registration statement filed with the SEC, pending effectiveness.The company will pay the Dealer Manager a 2% dealer manager fee and up to 6% selling commission per share sold. Applied Digital also amended its Services Agreement with Preferred Shareholder Services, LLC to provide support for both Series E-1 and Series E Preferred Stock holders.The Series E-1 Preferred Stock will have similar terms to the previously issued Series E Preferred Stock. This announcement does not constitute an offer to buy or sell securities, and the shares may not be sold until the registration statement becomes effective.

Applied Digital Corporation entered into a Dealer Manager Agreement with Preferred Capital Securities, LLC on September 23, 2024, for a proposed offering of up to 2.5 million shares of Series E-1 Redeemable Preferred Stock at $25.00 per share. The offering will be conducted under a registration statement filed with the SEC, pending effectiveness.The company will pay the Dealer Manager a 2% dealer manager fee and up to 6% selling commission per share sold. Applied Digital also amended its Services Agreement with Preferred Shareholder Services, LLC to provide support for both Series E-1 and Series E Preferred Stock holders.The Series E-1 Preferred Stock will have similar terms to the previously issued Series E Preferred Stock. This announcement does not constitute an offer to buy or sell securities, and the shares may not be sold until the registration statement becomes effective.