Applied Digital Corporation announced a private placement of 53,191 shares of Series F Convertible Preferred Stock issued at a 6% discount (3,191 share) that is 50,000 shares at a price of $1,000 per share for the gross proceeds of $50,000,000 on August 29, 2024. The preferred shares will be convertible at an initial conversion price of $7 per share. The transaction will include participation from YA II PN, Ltd., a fund managed by, Yorkville Advisors Global LP,