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Prepaid forward repurchase transaction

Company: Applied Digital

Subject kind
financing
Statement date
2024-11-04
Promised amount
7.2 shares
Current status
stated

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

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 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.”

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