Warrant issuance for 1,035,197 shares at $9.66 per share
Company: Applied Digital
The claim, verbatim
The company issued warrants to purchase up to 1,035,197 shares of common stock at $9.66 per share as partial consideration for the $150 million loan.
Source (primary)
Applied Digital 8-K filed 2024-12-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company issued to the Lender warrants (the "Warrants") to purchase up to 1,035,197 shares of common stock of the Company, par value $0.001 (the "Common Shares")... The Warrants will have an exercise price of $9.66 per share”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing says the company issued warrants for up to 1,035,197 shares at a $9.66 exercise price. It says they were partial consideration for the $150 million loan.
Confirmed in the source:
- Applied Digital issued warrants to the lender
- The warrants allow purchase of up to 1,035,197 shares of common stock
- The exercise price is $9.66 per share
- The warrants were issued as partial consideration for the loan
- The loan is $150 million
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224048226/form8-k.htm) in full (12,593 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-12-02
Quote: “the Company issued to the Lender warrants (the "Warrants") to purchase up to 1,035,197 shares of common stock of the Company, par value $0.001 (the "Common Shares")... The Warrants will have an exercise price of $9.66 per share”