Pending sale of Cloud Services Business
Company: Applied Digital
The claim, verbatim
Applied Digital is selling its Cloud Services Business. The sale had not been finalized as of the filing, and the pro forma adjustments are preliminary and subject to change.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “The sale of the Cloud Services Business is subject to adjustments as the sale has not yet been finalized.”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The exhibit presents pro forma statements for the sale of Applied Digital's Cloud Services Business. It states that the sale has not yet been finalized, that the adjustments are preliminary, and that the final accounting may differ materially.
Confirmed in the source:
- Applied Digital Corporation is selling its Cloud Services Business
- The sale of the Cloud Services Business had not yet been finalized at the time of this filing
- The pro forma transaction accounting adjustments are preliminary
- The pro forma adjustments are subject to change, and differences from the final sale accounting may be material
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000164117225013087/ex99-1.htm) in full (10,730 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “The sale of the Cloud Services Business is subject to adjustments as the sale has not yet been finalized.”