Prepaid forward and capped call transactions
Company: Applied Digital
The claim, verbatim
Alongside pricing the Convertible Notes, the company entered a prepaid forward transaction with an initial purchaser or its affiliate. It also entered capped call transactions with option counterparties, and expects to add more capped calls if the initial purchasers exercise their option.
Source (primary)
applied-digital 8-K exhibit (ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-25)Live source ↗
Quote: “In connection with the pricing of the Convertible Notes, we entered into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and one or more other financial institutions”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-2.htm)
Quote: “In connection with the pricing of the Convertible Notes, we entered into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and one or more other financial institutions”