PIPE Private Placement
Company: Applied Digital
The claim, verbatim
Private placement of 49,382,720 shares of Common Stock at $3.24 per share for aggregate gross proceeds of approximately $160 million
Source (primary)
Applied Digital S-1/A filed 2024-10-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The private placement closed on September 9, 2024, with aggregate gross proceeds to us of approximately $160 million, before deducting offering expenses.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital S-1/A filed 2024-10-29
Quote: “The private placement closed on September 9, 2024, with aggregate gross proceeds to us of approximately $160 million, before deducting offering expenses.”