SEPA commitment with YA Fund
Company: Applied Digital
The claim, verbatim
Standby Equity Purchase Agreement with YA Fund for option to sell up to $250 million of Common Stock, commitment period from September 30, 2024 through September 30, 2027
Source (primary)
Applied Digital S-1 filed 2024-10-04 (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, and YA Fund must subscribe for, 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
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Additional evidence
confirms Applied Digital S-1 filed 2024-10-04
Quote: “we have the option, but not the obligation, to sell to YA Fund, and YA Fund must subscribe for, 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.”