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Intended use of proceeds for capped call transactions

Company: Applied Digital

Subject kind
financing
Statement date
2024-11-04
Promised amount
51.8 USD
Current status
stated

The claim, verbatim

Company intends to use approximately $51.8 million of net proceeds to pay the cost of capped call transactions.

Source (primary)

Applied Digital 8-K filed 2024-11-05 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “approximately $51.8 million of the net proceeds from the offering to pay the cost of the capped call transactions”

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/1144879/000149315224043604/form8-k.htm) in full (16,904 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2024-11-05

Quote: “approximately $51.8 million of the net proceeds from the offering to pay the cost of the capped call transactions”

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