Services Agreement with GMR, SparkPool, and Valuefinder dated March 19, 2021
Company: Applied Digital
The claim, verbatim
Entered into Services Agreement on March 19, 2021 with GMR Limited, Xsquared Holding Limited (SparkPool), and Valuefinder for cryptoasset mining management and equipment procurement; issued 7.44M shares each to GMR and SparkPool and 3.16M shares to Valuefinder
Source (primary)
Applied Digital 424B4 filed 2022-04-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On March 19, 2021, we entered into the Services Agreement with GMR Limited, a British Virgin Islands limited liability company... Pursuant to the Services Agreement, we engaged the Service Providers to provide cryptoasset mining management and analysis and to secure equipment to be purchased by us as consideration for 7,440,148 shares of common stock to be issued to each of GMR and SparkPool or their designees and 3,156,426 shares of common stock to be issued to Valuefinder”
How we checked this
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Additional evidence
confirms Applied Digital 424B4 filed 2022-04-13
Quote: “On March 19, 2021, we entered into the Services Agreement with GMR Limited, a British Virgin Islands limited liability company... Pursuant to the Services Agreement, we engaged the Service Providers to provide cryptoasset mining management and analysis and to secure equipment to be purchased by us as consideration for 7,440,148 shares of common stock to be issued to each of GMR and SparkPool or their designees and 3,156,426 shares of common stock to be issued to Valuefinder”