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Strategy advisory partnership with GMR and SparkPool

Company: Applied Digital

Subject kind
partnership
Statement date
2024-10-17
Promised amount
7440148.0 shares
Current status
stated

The claim, verbatim

Executed strategy planning agreement in March 2021 with GMR and SparkPool for crypto asset mining management and equipment procurement; issued 7,440,148 shares to each

Source (primary)

Applied Digital S-1 filed 2024-10-18 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “In March 2021, we executed a strategy planning and portfolio advisory services agreement with GMR Limited... and Xsquared Holding Limited... we issued 7,440,148 shares of our Common Stock to each of GMR and SparkPool.”

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: “In March 2021, we executed a strategy planning and portfolio advisory services agreement with GMR Limited... and Xsquared Holding Limited... we issued 7,440,148 shares of our Common Stock to each of GMR and SparkPool.”

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