MAM to hold 15% common equity in HPC segment; APLD retains 85%
Company: Applied Digital
The claim, verbatim
MAM's investment will take the form of a perpetual preferred plus a 15% common equity interest in the HPC business segment, leaving Applied Digital with an 85% ownership stake in existing and future HPC assets.
Source (primary)
applied-digital 8-K exhibit (apldq225earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
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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 applied-digital 8-K exhibit (apldq225earningsrelease.htm)
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”