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$450 million convertible notes issuance

Company: Applied Digital

Subject kind
financing
Statement date
2025-10-21
Promised amount
450000000.0 USD
Current status
stated

The claim, verbatim

Issued $450 million in convertible notes at a 2.75% interest rate

Source (primary)

applied-digital 8-K exhibit (apld_invxfinalpresentati.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗

Quote: “Issued $450m in convertible notes at a 2.75% interest rate”

How we checked this

Checked on September 29, 2026. The cited source supports every part of this claim.

The company timeline lists issuing $450 million in convertible notes at a 2.75% interest rate.

Confirmed in the source:

What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487925000076/apld_invxfinalpresentati.htm) in full (26,833 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms applied-digital 8-K exhibit (apld_invxfinalpresentati.htm)

Quote: “Issued $450m in convertible notes at a 2.75% interest rate”

View cached copy (2026-09-27)Live source ↗