SparkPool share forfeiture and operations cessation
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened June 2, 2022
The claim reports past events: SparkPool ceased operations in June 2022 and forfeited the shares on June 2, 2022. 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 ceased all operations as of June 2022 and forfeited 4,965,432 shares on June 2, 2022
Source (primary)
Applied Digital 10-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “As of June 2022, SparkPool ceased all operations and is no longer in a position to provide services under the Services Agreement. 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.
Item 1 of the 10-K states both facts. Note 15 of the same filing dates the forfeiture letter agreement June 6, 2022.
Confirmed in the source:
- As of June 2022, SparkPool had ceased all operations and could no longer provide services under the Services Agreement
- SparkPool forfeited 4,965,432 shares of common stock back to Applied Blockchain on June 2, 2022
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: “As of June 2022, SparkPool ceased all operations and is no longer in a position to provide services under the Services Agreement. On June 2, 2022, SparkPool forfeited 4,965,432 shares of our common stock back to us.”