Services Agreement with GMR, SparkPool, Valuefinder
Company: Applied Digital
The claim, verbatim
Services Agreement executed March 2021 with GMR, SparkPool, and Valuefinder for cryptoasset mining management and equipment procurement. Company issued 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 2022-09-09 (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...SparkPool...and 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
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the March 2021 Services Agreement with the three parties, its purpose, and the exact share amounts to each.
Confirmed in the source:
- A Services Agreement was executed in March 2021 with GMR, SparkPool, and Valuefinder
- The agreement was for cryptoasset mining management and equipment procurement assistance
- The company agreed to issue 7,440,148 shares to GMR, 7,440,148 shares to SparkPool, and 3,156,426 shares to Valuefinder
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487922000027/a424b3finalprospectusregno.htm) in full (350,097 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2022-09-09
Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement ("Services Agreement") with GMR Limited...SparkPool...and 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.”