Standby Equity Purchase Agreement with YA Fund
Company: Applied Digital
The claim, verbatim
Standby Equity Purchase Agreement for up to $250 million of Common Stock available to be issued from time to time
Source (primary)
Applied Digital S-1/A filed 2024-10-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Under the SEPA, we agreed to issue and sell to YA Fund, from time to time, and YA Fund agreed to purchase from us, up to $250 million of our Common Stock, subject to certain obligations and limitations”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing describes the August 28, 2024 SEPA, under which YA Fund agreed to buy up to $250 million of Common Stock from time to time, subject to certain limitations.
Confirmed in the source:
- Applied Digital entered into a Standby Equity Purchase Agreement with YA Fund
- The SEPA covers up to $250 million of Common Stock
- Shares are to be issued and sold to YA Fund from time to time
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224042927/forms-1a.htm) in full (173,807 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1/A filed 2024-10-29
Quote: “Under the SEPA, we agreed to issue and sell to YA Fund, from time to time, and YA Fund agreed to purchase from us, up to $250 million of our Common Stock, subject to certain obligations and limitations”