Convertible Notes offering
Company: Applied Digital
What the later record shows
Delivered on time · happened November 4, 2024
The convertible notes offering closed on November 4, 2024, as expected. It was upsized to $450 million after the initial purchasers' $75 million option was exercised.
“On November 4, 2024, we completed a private offering of 2.75% Senior Unsecured Convertible Notes due 2030”
2025-01-13 · Applied Digital 10-Q filed 2025-01-14 View cached copy (2026-08-31)Live source ↗
“The aggregate principal amount of Convertible Notes sold in the offering was $450 million, which included $75 million aggregate principal amount issued pursuant to the initial purchasers' fully exercised option.”
2025-01-13 · Applied Digital 10-Q filed 2025-01-14 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company announced private offering of $375 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030, expected to close November 4, 2024
Source (primary)
Applied Digital 8-K filed 2024-10-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “issued a press release announcing the upsize and pricing of its private offering (the "Offering") of $375 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2030. The Offering is expected to close on November 4, 2024, subject to satisfaction of customary closing conditions.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K states that on October 31, 2024 Applied Digital announced the upsized, priced private offering of $375 million of 2.75% Convertible Senior Notes due 2030, expected to close November 4, 2024, subject to customary closing conditions.
Confirmed in the source:
- The company (Applied Digital Corporation) announced a private offering of Convertible Senior Notes
- The offering was for $375 million aggregate principal amount
- The notes carry a 2.75% interest rate
- The notes are due 2030
- The offering was expected to close on November 4, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224043119/form8-k.htm) in full (4,622 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-10-31
Quote: “issued a press release announcing the upsize and pricing of its private offering (the "Offering") of $375 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2030. The Offering is expected to close on November 4, 2024, subject to satisfaction of customary closing conditions.”
confirms Applied Digital 10-Q filed 2025-01-14
Quote: “On November 4, 2024, we completed a private offering of 2.75% Senior Unsecured Convertible Notes due 2030”