Equity issuance to GMR
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened July 31, 2021
The claim reports that shares were already issued to GMR in July 2021, and a later filing confirms the issuance.
“Under the terms of the Services Agreement, we issued 7,440,148 shares of our Common Stock to each of GMR and SparkPool and 3,156,426 shares of our Common Stock to Valuefinder.”
2024-11-21 · Applied Digital S-1/A filed 2024-11-22 View cached copy (2026-08-31)Live source ↗
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
Issued 7,440,148 shares of common stock to GMR in July 2021
Source (primary)
Applied Digital 10-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “In July 2021, the Company issued 7,440,148 shares of our common stock to each GMR and SparkPool, and 3,156,426 shares of our common stock to Jason Zhang, Valuefinder's designee.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K says the company issued 7,440,148 shares to GMR in July 2021. Note 10 of the same filing lists 7,441,648 shares committed to GMR and says all shares were issued in June 2021, so the filing is internally inconsistent.
Confirmed in the source:
- Applied Blockchain issued 7,440,148 shares of common stock to GMR
- The shares were issued in July 2021
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: “In July 2021, the Company issued 7,440,148 shares of our common stock to each GMR and SparkPool, and 3,156,426 shares of our common stock to Jason Zhang, Valuefinder's designee.”