SparkPool share forfeiture
Company: Applied Digital
The claim, verbatim
SparkPool ceased operations and forfeited 4,965,432 shares back to Applied Digital
Source (primary)
Applied Digital S-3 filed 2023-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “As of June 2022, SparkPool ceased all operations and is no longer in a position to provide services under the Services Agreement. On June 2, 2022, SparkPool forfeited 4,965,432 shares of Common Stock back to us.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms SparkPool ceased operations and forfeited 4,965,432 shares back to the company.
Confirmed in the source:
- As of June 2022, SparkPool ceased all operations
- On June 2, 2022, SparkPool forfeited 4,965,432 shares of Common Stock back to Applied Digital
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: “As of June 2022, SparkPool ceased all operations and is no longer in a position to provide services under the Services Agreement. On June 2, 2022, SparkPool forfeited 4,965,432 shares of Common Stock back to us.”