Estimated net proceeds from offering
Company: Applied Digital
The claim, verbatim
Company estimates net proceeds of approximately $361.8 million (or $434.5 million if option exercised in full), after deducting discounts and commissions but before offering expenses
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 estimates that the net proceeds of the Offering will be approximately $361.8 million (or approximately $434.5 million if the initial purchasers exercise in full their option to purchase additional Convertible Notes), after deducting the initial purchasers' discounts and commissions but before estimated offering expenses payable by the Company.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives these exact net proceeds estimates and states the same basis for deductions.
Confirmed in the source:
- Estimated net proceeds are approximately $361.8 million
- Estimated net proceeds are approximately $434.5 million if the option is exercised in full
- The estimate is after deducting initial purchasers' discounts and commissions
- The estimate is before estimated offering expenses
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 estimates that the net proceeds of the Offering will be approximately $361.8 million (or approximately $434.5 million if the initial purchasers exercise in full their option to purchase additional Convertible Notes), after deducting the initial purchasers' discounts and commissions but before estimated offering expenses payable by the Company.”