IPO net proceeds
Company: Applied Digital
The claim, verbatim
Completed IPO and Nasdaq uplisting in April 2022, issuing 8.0 million shares at $5.00 per share for approximately $36 million net proceeds.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “Completed an initial public offering ("IPO") with uplisting to Nasdaq in April, raising approximate net proceeds of $36 million”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The release, dated May 2022, reports an April IPO and Nasdaq uplisting that issued 8.0 million shares at $5.00 each for about $36 million in net proceeds.
Confirmed in the source:
- Applied Blockchain completed an IPO with uplisting to Nasdaq in April 2022.
- The IPO issued 8.0 million shares of common stock at $5.00 per share.
- Net proceeds from the IPO were approximately $36 million.
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/10/applied-blockchain-reports-fiscal-third-quarter-2022-ended/) in full (19,893 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Completed an initial public offering ("IPO") with uplisting to Nasdaq in April, raising approximate net proceeds of $36 million”