Option for initial purchasers to purchase additional Convertible Notes
Company: Applied Digital
The claim, verbatim
Initial purchasers granted option to purchase up to $75 million aggregate principal amount of additional Convertible Notes within 13-day period from issuance
Source (primary)
Applied Digital 8-K filed 2024-10-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company also granted to the initial purchasers of the Convertible Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Convertible Notes are first issued, up to an additional $75 million aggregate principal amount of the Convertible Notes.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that the initial purchasers were granted an option to buy up to an additional $75 million of the notes within a 13-day period starting on the issue date.
Confirmed in the source:
- The initial purchasers were granted an option to buy additional Convertible Notes
- The option covers up to $75 million aggregate principal amount
- The option runs for a 13-day period beginning on the date the notes are first issued
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: “The Company also granted to the initial purchasers of the Convertible Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Convertible Notes are first issued, up to an additional $75 million aggregate principal amount of the Convertible Notes.”