Services Agreement with GMR, SparkPool, and Valuefinder - stock issuance
Company: Applied Digital
The claim, verbatim
Applied Digital executed a services agreement in March 2021 with GMR, SparkPool, and Valuefinder for cryptoasset mining management and analysis, equipment sourcing, and co-hosting operations advisory. Applied Digital agreed to issue 7,440,148 shares to GMR, 7,440,148 shares to SparkPool, and 3,156,426 shares to Valuefinder.
Source (primary)
Applied Digital 424B3 filed 2022-09-27 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement ("Services Agreement") with GMR Limited... Xsquared Holding Limited... ("SparkPool")... Valuefinder... we agreed to issue 7,440,148 shares of our common stock to GMR or its designees, 7,440,148 shares of our common stock to SparkPool or its designees and 3,156,426 shares of our common stock to Valuefinder or its designees.”
How we checked this
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Additional evidence
confirms Applied Digital 424B3 filed 2022-09-27
Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement ("Services Agreement") with GMR Limited... Xsquared Holding Limited... ("SparkPool")... Valuefinder... we agreed to issue 7,440,148 shares of our common stock to GMR or its designees, 7,440,148 shares of our common stock to SparkPool or its designees and 3,156,426 shares of our common stock to Valuefinder or its designees.”