MAM 15% common equity in HPC business; APLD retains 85%
Company: Applied Digital
The claim, verbatim
MAM's investment takes the form of a perpetual preferred and 15% common equity interest in the HPC business, leaving Applied Digital an 85% ownership stake in existing and future HPC assets.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
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Quote: “MAM’s investment will take the form of a perpetual preferred and 15% common equity interest of Applied Digital’s HPC business segment, providing Applied Digital an 85% ownership stake in both existing and future HPC assets”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “MAM’s investment will take the form of a perpetual preferred and 15% common equity interest of Applied Digital’s HPC business segment, providing Applied Digital an 85% ownership stake in both existing and future HPC assets”