Prepaid forward repurchase transaction
Company: Applied Digital
The claim, verbatim
Company entered into prepaid forward repurchase covering approximately 7.2 million shares of common stock at a cost of approximately $52.7 million on October 30, 2024.
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 aggregate number of shares of the common stock underlying the prepaid forward repurchase is approximately 7.2 million shares... The cost of the Prepaid Forward Repurchase was approximately $52.7 million.”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2024-11-05
Quote: “The initial aggregate number of shares of the common stock underlying the prepaid forward repurchase is approximately 7.2 million shares... The cost of the Prepaid Forward Repurchase was approximately $52.7 million.”