Services Agreement share issuance
Company: Applied Digital
The claim, verbatim
Applied Digital agreed to issue 7,440,148 shares to GMR, 7,440,148 shares to SparkPool, and 3,156,426 shares to Valuefinder under Services Agreement
Source (primary)
Applied Digital S-3 filed 2023-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “we agreed to issue 7,440,148 shares of Common Stock to GMR or its designees, 7,440,148 shares of Common Stock to SparkPool or its designees and 3,156,426 shares of Common Stock to Valuefinder or its designees.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states verbatim the share issuance amounts to GMR, SparkPool, and Valuefinder under the Services Agreement.
Confirmed in the source:
- Under the Services Agreement, Applied Digital agreed to issue 7,440,148 shares of Common Stock to GMR or its designees
- Applied Digital agreed to issue 7,440,148 shares of Common Stock to SparkPool (Xsquared Holding Limited) or its designees
- Applied Digital agreed to issue 3,156,426 shares of Common Stock to Valuefinder or its designees
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000148/apld-forms3shelfregistrati.htm) in full (99,038 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-3 filed 2023-05-17
Quote: “we agreed to issue 7,440,148 shares of Common Stock to GMR or its designees, 7,440,148 shares of Common Stock to SparkPool or its designees and 3,156,426 shares of Common Stock to Valuefinder or its designees.”