YA Notes conversion and outstanding balance
Company: Applied Digital
The claim, verbatim
Approximately $85.9 million of YA Notes converted to Common Stock; $6.9 million remains outstanding
Source (primary)
Applied Digital S-1 filed 2024-10-18 (SEC EDGAR, sec_filing)
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Quote: “As of the date of this prospectus, approximately $85.9 million outstanding under the YA Notes has been converted into shares of our Common Stock and $6.9 million remains outstanding across all the YA Notes.”
How we checked this
Additional evidence
confirms Applied Digital S-1 filed 2024-10-18
Quote: “As of the date of this prospectus, approximately $85.9 million outstanding under the YA Notes has been converted into shares of our Common Stock and $6.9 million remains outstanding across all the YA Notes.”