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
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 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”