Standby Equity Purchase Agreement
Company: Applied Digital
The claim, verbatim
Company has Standby Equity Purchase Agreement with YA Fund for up to $250 million of Common Stock, commitment period from September 30, 2024 through October 1, 2027
Source (primary)
Applied Digital S-1 filed 2024-10-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On August 28, 2024, we entered into a Standby Equity Purchase Agreement with YA Fund, as amended on August 29, 2024 (the "SEPA"). Pursuant to the SEPA, subject to certain conditions and limitations, we have the option, but not the obligation, to sell to YA Fund, and YA Fund must subscribe for, an aggregate amount of up to $250.0 million of Common Stock (the "SEPA Aggregate Commitment"), at our request any time during the commitment period commencing on September 30, 2024, and terminating on the first day of the month next following the 36-month anniversary of September 30, 2024.”
How we checked this
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Additional evidence
confirms Applied Digital S-1 filed 2024-10-23
Quote: “On August 28, 2024, we entered into a Standby Equity Purchase Agreement with YA Fund, as amended on August 29, 2024 (the "SEPA"). Pursuant to the SEPA, subject to certain conditions and limitations, we have the option, but not the obligation, to sell to YA Fund, and YA Fund must subscribe for, an aggregate amount of up to $250.0 million of Common Stock (the "SEPA Aggregate Commitment"), at our request any time during the commitment period commencing on September 30, 2024, and terminating on the first day of the month next following the 36-month anniversary of September 30, 2024.”