Related-party transaction oversight committees

Checked on September 28, 2026. The cited source supports every part of this claim.

The corporate governance section describes both committees, their April 29, 2026 creation date, and their $120,000-per-fiscal-year threshold.

Confirmed in the source:

• On April 29, 2026, the Board created a ChronoScale Related Party Transactions Committee and a separate Base Electron Related Party Transactions Committee
• Each committee reviews and approves or ratifies related party transactions with its respective company
• The committees cover transactions whose aggregate amount will or may be expected to exceed $120,000 in any fiscal year

What we did: Read our cached copy of the publisher (https://www.stocktitan.net/sec-filings/APLD/def-14a-applied-digital-corp-definitive-proxy-statement-295e8d7c8256.html) in full (290,241 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.

confirms Five leases lifted Applied Digital (APLD)'s initial-term contracted revenue beyond $7 billion. - Stock Titan

Quote: “its board created separate committees on April 29, 2026 , to review and approve or ratify related-party transactions with ChronoScale and Base Electron whose aggregate amount is expected to exceed, or may exceed, $120,000 in a fiscal year”

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