~$84M of proceeds for share repurchases
Company: Applied Digital
The claim, verbatim
The company intends to use approximately $84 million of net proceeds for share repurchases: $52.7 million for a prepaid forward repurchase (approx. 7.2 million shares) and $31.3 million for concurrent buybacks at $7.36 per share.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-25)Live source ↗
Quote: “The Company intends to use approximately $84 million of the net proceeds from the offering to fund share repurchases”
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 (ex99-1.htm)
Quote: “The Company intends to use approximately $84 million of the net proceeds from the offering to fund share repurchases”