Standby Equity Purchase Agreement with YA Fund
Company: Applied Digital
The claim, verbatim
Option to sell up to $250 million of Common Stock to YA Fund during commitment period commencing September 30, 2024 and terminating 36 months thereafter
Source (primary)
Applied Digital S-1 filed 2024-10-18 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “we have the option, but not the obligation, to sell to YA Fund... an aggregate amount of up to $250.0 million of Common Stock... 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
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 filed 2024-10-18
Quote: “we have the option, but not the obligation, to sell to YA Fund... an aggregate amount of up to $250.0 million of Common Stock... 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.”