GMR strategy and advisory services agreement
Company: Applied Digital
The claim, verbatim
Executed strategy planning and portfolio advisory services agreement with GMR Limited; issued 7,440,148 shares of common stock
Source (primary)
Applied Digital 10-K filed 2022-08-29 (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, a British Virgin Island limited liability company ("GMR")... we agreed to issue 7,440,148 shares of our common stock to GMR or its designees...”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The March 2021 Services Agreement with GMR and the 7,440,148 share issuance are both stated in the document.
Confirmed in the source:
- In March 2021 the company executed a strategy planning and portfolio advisory services agreement with GMR Limited
- The company agreed to issue 7,440,148 shares of common stock to GMR or its designees
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 March 2021, we executed a strategy planning and portfolio advisory services agreement ("Services Agreement") with GMR Limited, a British Virgin Island limited liability company ("GMR")... we agreed to issue 7,440,148 shares of our common stock to GMR or its designees...”