PIPE offering proceeds
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened September 9, 2024
The claim, made on 2024-10-17, reports a closing that had already happened on September 9, 2024. The equity statement shows the 49,382,720 shares were issued.
“Shares issued in offering, net of costs — — 49,382,720 49 — — 149,768 — 149,817”
2026-01-07 · Applied Digital 10-Q filed 2026-01-08 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Closed private placement of 49,382,720 shares at $3.24 per share for aggregate gross proceeds of approximately $160 million
Source (primary)
Applied Digital S-1 filed 2024-10-18 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The private placement closed on September 9, 2024, with aggregate gross proceeds to us of approximately $160 million, before deducting offering expenses.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states the PIPE was for 49,382,720 shares at $3.24 per share and closed on September 9, 2024 with approximately $160 million in gross proceeds.
Confirmed in the source:
- The company closed a private placement of 49,382,720 shares of common stock
- The purchase price was $3.24 per share
- The aggregate gross proceeds were approximately $160 million
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: “The private placement closed on September 9, 2024, with aggregate gross proceeds to us of approximately $160 million, before deducting offering expenses.”