Use of proceeds for capped call transactions
Company: Applied Digital
The claim, verbatim
Company intends to use approximately $43.1 million of net proceeds to pay cost of capped call transactions
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 intends to use approximately $43.1 million of the net proceeds from the sale of the Convertible Notes to pay the cost of certain capped call transactions”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that approximately $43.1 million of the net proceeds will pay the cost of certain capped call transactions.
Confirmed in the source:
- The company intends to use approximately $43.1 million of net proceeds
- That amount is to pay the cost of capped call transactions
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 intends to use approximately $43.1 million of the net proceeds from the sale of the Convertible Notes to pay the cost of certain capped call transactions”