Standby Equity Purchase Agreement with YA Fund
Company: Applied Digital
The claim, verbatim
Company has option to sell up to $250.0 million of Common Stock to YA Fund during commitment period from September 30, 2024 through September 30, 2027
Source (primary)
Applied Digital S-1 filed 2024-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company has 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 the Company's 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
Additional evidence
confirms Applied Digital S-1 filed 2024-09-23
Quote: “the Company has 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 the Company's 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.”