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Standby Equity Purchase Agreement with YA Fund

Company: Applied Digital

Subject kind
financing
Statement date
2024-10-17
Promised by
2027-09-30
Promised amount
250.0 USD
Current status
stated

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

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224041455/forms-1.htm) in full (144,260 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

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.”

View cached copy (2026-08-31)Live source ↗