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Private Investment in Public Equity (PIPE)

Company: Applied Digital

Subject kind
financing
Statement date
2024-11-21
Promised amount
160.0 USD
Current status
stated

The claim, verbatim

Applied Digital closed a private placement of 49,382,720 shares at $3.24 per share on September 9, 2024, raising approximately $160 million in gross proceeds.

Source (primary)

Applied Digital S-1/A filed 2024-11-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The private placement closed on September 9, 2024, with aggregate gross proceeds to us of approximately $160 million, before deducting offering expenses.”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224047408/forms-1a.htm) in full (150,630 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1/A filed 2024-11-22

Quote: “The private placement closed on September 9, 2024, with aggregate gross proceeds to us of approximately $160 million, before deducting offering expenses.”

View cached copy (2026-08-31)Live source ↗