PIPE common stock offering
Company: Applied Digital
The claim, verbatim
Private placement of 49,382,720 shares of Common Stock at $3.24 per share closed September 9, 2024, generating approximately $160 million in gross proceeds
Source (primary)
Applied Digital S-1 filed 2024-10-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On September 5, 2024, we entered into a securities purchase agreement (the "PIPE Purchase Agreement") with the purchasers named therein (the "PIPE Purchasers"), for the private placement of 49,382,720 shares of the Company's Common Stock, at a purchase price of $3.24 per share. The private placement closed on September 9, 2024, with aggregate gross proceeds to the Company of approximately $160 million, before deducting offering expenses.”
How we checked this
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Additional evidence
confirms Applied Digital S-1 filed 2024-10-23
Quote: “On September 5, 2024, we entered into a securities purchase agreement (the "PIPE Purchase Agreement") with the purchasers named therein (the "PIPE Purchasers"), for the private placement of 49,382,720 shares of the Company's Common Stock, at a purchase price of $3.24 per share. The private placement closed on September 9, 2024, with aggregate gross proceeds to the Company of approximately $160 million, before deducting offering expenses.”