Termination of prior equity purchase agreement
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
No passage mentions the termination of the Standby Equity Purchase Agreement with YA II PN, LTD. or its effective date.
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Applied Digital terminated its Standby Equity Purchase Agreement with YA II PN, LTD., effective May 7, 2025
Source (primary)
Applied Digital 8-K filed 2025-05-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company delivered a notice terminating its existing Standby Equity Purchase Agreement, dated as of August 28, 2024, as amended, with YA II PN, LTD. (the "SEPA"), effective May 7, 2025”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states that on April 30, 2025, Applied Digital delivered notice terminating its Standby Equity Purchase Agreement with YA II PN, LTD., effective May 7, 2025.
Confirmed in the source:
- Applied Digital delivered a notice terminating its Standby Equity Purchase Agreement
- The counterparty to that agreement was YA II PN, LTD.
- The termination was effective May 7, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000164117225008007/form8-k.htm) in full (14,354 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-05-01
Quote: “the Company delivered a notice terminating its existing Standby Equity Purchase Agreement, dated as of August 28, 2024, as amended, with YA II PN, LTD. (the "SEPA"), effective May 7, 2025”