$45M Greenshoe Option on Convertible Notes
Company: Applied Digital
The claim, verbatim
Initial purchasers have an option to purchase up to an additional $45 million aggregate principal amount of convertible notes within 13 days of issuance
Source (primary)
Applied Digital 8-K filed 2024-10-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “grant 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 $45 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 describes an option for initial purchasers to buy up to $45 million more of the notes within a 13-day period starting on the issue date.
Confirmed in the source:
- Initial purchasers are to be granted an option to buy additional convertible notes
- The option covers up to an additional $45 million aggregate principal amount
- The option is exercisable within 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/1144879/000149315224043070/form8-k.htm) in full (5,094 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-10-30
Quote: “grant 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 $45 million aggregate principal amount of the Convertible Notes”