$53.2M convertible preferred stock issuance
Company: Applied Digital
The claim, verbatim
Applied Digital issued $53.2 million of convertible preferred stock to a single investor in a private financing, for net proceeds of $50 million.
Source (primary)
applied-digital 8-K exhibit (ex991apld-yaxprojectsupern.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “the Company has issued $53.2 million in convertible preferred stock for net proceeds of $50 million”
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 (ex991apld-yaxprojectsupern.htm)
Quote: “the Company has issued $53.2 million in convertible preferred stock for net proceeds of $50 million”