SparkPool share forfeiture
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened June 2, 2022
The claim's own text reports that SparkPool forfeited 4,965,432 shares on June 2, 2022, which was before the statement. No later passage addresses it.
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
SparkPool forfeited 4,965,432 shares of common stock back to company following cessation of operations
Source (primary)
Applied Digital 10-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On June 2, 2022, SparkPool forfeited 4,965,432 shares of our common stock back to us.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states SparkPool ceased all operations as of June 2022, could no longer provide services, and forfeited 4,965,432 shares back to the company.
Confirmed in the source:
- SparkPool forfeited 4,965,432 shares of common stock back to the company
- The forfeiture followed SparkPool ceasing operations and its services under the Services Agreement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000162828022023816/apld-20220531.htm) in full (312,378 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2022-08-29
Quote: “On June 2, 2022, SparkPool forfeited 4,965,432 shares of our common stock back to us.”