Debenture conversion price and monthly conversion cap
Company: Applied Digital
The claim, verbatim
The conversion price is the lower of $8.00 or 95% of the lowest daily VWAP in the five trading days before conversion. Below $8.00, the investor may convert no more than $16.0 million per month across all its debentures.
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: “Below $8.00, the Investor is limited to converting no more than $16.0 million per month in the aggregate across all convertible debentures held by the Investor”
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 (apld-form8xkoaklawniiex991.htm)
Quote: “Below $8.00, the Investor is limited to converting no more than $16.0 million per month in the aggregate across all convertible debentures held by the Investor”