jain.com
The Analysis · Companies · People · Methodology

Convertible notes initial conversion price

Company: Applied Digital

Subject kind
financing
Statement date
2024-11-04
Promised amount
9.75 per share
Current status
stated

The claim, verbatim

Initial conversion price of convertible notes is approximately $9.75 per share, equivalent to an initial conversion rate of 102.5431 shares per $1,000 principal amount.

Source (primary)

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

Quote: “The initial conversion rate of 102.5431 shares per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $9.75 per share of common stock).”

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: “The initial conversion rate of 102.5431 shares per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $9.75 per share of common stock).”

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