YA Notes conversions
Company: Applied Digital
The claim, verbatim
$17.8 million of Initial YA Notes and $4.1 million of May Note converted into Common Stock; $6.2 million remains outstanding
Source (primary)
Applied Digital S-1 filed 2024-10-04 (SEC EDGAR, sec_filing)
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Quote: “As of the date of this prospectus, $17.8 million of the Initial YA Notes were converted into shares of Common Stock, as well as the remainder of the May Note, $4.1 million, was converted into shares of Common Stock. As of the date of this prospectus, following the above referenced conversions, $6.2 million remains outstanding across all the YA Notes.”
How we checked this
Additional evidence
confirms Applied Digital S-1 filed 2024-10-04
Quote: “As of the date of this prospectus, $17.8 million of the Initial YA Notes were converted into shares of Common Stock, as well as the remainder of the May Note, $4.1 million, was converted into shares of Common Stock. As of the date of this prospectus, following the above referenced conversions, $6.2 million remains outstanding across all the YA Notes.”