Conditional accordion warrant commitment
Company: Applied Digital
The claim, verbatim
Applied Digital may issue additional warrants to purchase up to 5,559,220 shares if Accordion Loans are entered into and funded with a subsidiary
Source (primary)
Applied Digital SC 13G/A filed 2024-11-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “upon funding of such loans, APLD Lender Holdings may acquire additional warrants to purchase up to an additional 5,559,220 shares of Common Stock (the "Accordion Warrants"). The Accordion Warrants will only be issued if a subsidiary of the Issuer meets certain conditions and the Accordion Loans are entered into and funded”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing says up to 5,559,220 additional warrant shares may be acquired once Accordion Loans with an Applied Digital subsidiary are entered into and funded. It adds that the subsidiary must also meet certain conditions.
Confirmed in the source:
- Additional warrants (Accordion Warrants) to purchase up to 5,559,220 shares of Applied Digital Common Stock may be acquired
- Those warrants would be issued only if Accordion Loans with a subsidiary of Applied Digital are entered into and funded
- The Accordion Loans are made between the warrant holder and a subsidiary of Applied Digital
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000119312524254185/d880824dsc13ga.htm) in full (16,857 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital SC 13G/A filed 2024-11-08
Quote: “upon funding of such loans, APLD Lender Holdings may acquire additional warrants to purchase up to an additional 5,559,220 shares of Common Stock (the "Accordion Warrants"). The Accordion Warrants will only be issued if a subsidiary of the Issuer meets certain conditions and the Accordion Loans are entered into and funded”