jain.com
The Analysis · Companies · People · Methodology

At-the-Market Sales Agreement

Company: Applied Digital

Subject kind
financing
Statement date
2024-09-12
Promised amount
125.0 USD
Current status
stated

The claim, verbatim

Up to $125 million of common stock can be issued and sold under ATM agreement with multiple brokers

Source (primary)

Applied Digital S-1 filed 2024-09-13 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “Up to $125,000,000 of shares of our Common Stock may be issued if and when sold pursuant to the Sales Agreement.”

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/1144879/000114487924000245/apld-formsx1ciminitialwarr.htm) in full (113,167 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1 filed 2024-09-13

Quote: “Up to $125,000,000 of shares of our Common Stock may be issued if and when sold pursuant to the Sales Agreement.”

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