$42.1M unsecured convertible debenture issued
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a private financing agreement with a single investor and issued a $42,131,579 unsecured convertible debenture. The debenture bears no interest, has a 5% original issue discount and a 54-week term.
Source (primary)
applied-digital 8-K exhibit (apld-form8xkoaklawniiex991.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-04)Live source ↗
Quote: “it issued a $42,131,579 unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apld-form8xkoaklawniiex991.htm)
Quote: “it issued a $42,131,579 unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks”