Convertible notes conversion price
Company: Applied Digital
The claim, verbatim
The notes have an initial conversion rate of 102.5431 shares per $1,000 principal, equal to an initial conversion price of approximately $9.75 per share, a 32.5% premium to the $7.36 closing price.
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: “equivalent to an initial conversion price of approximately $9.75 per share of the common stock”
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: “equivalent to an initial conversion price of approximately $9.75 per share of the common stock”