At-the-Market sales agreement
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened July 9, 2024
The claim reports a sales agreement already signed on July 9, 2024. Later filings confirm it.
“On July 9, 2024, we entered into a Sales Agreement with B. Riley Securities, Inc., BTIG, LLC, Lake Street Capital Markets, LLC”
2024-10-22 · Applied Digital S-1 filed 2024-10-23 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Entered into sales agreement on July 9, 2024 providing for potential issuance of up to $125 million of Common Stock
Source (primary)
Applied Digital 424B3 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On July 9, 2024, the Company entered into a Sales Agreement... 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
Checked on October 10, 2026. The cited source supports every part of this claim.
The prospectus states that the at-the-market Sales Agreement was signed on July 9, 2024 and covers up to $125 million of common stock.
Confirmed in the source:
- The company entered into a Sales Agreement on July 9, 2024
- Up to $125,000,000 of Common Stock may be issued under the Sales Agreement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000238/apld-prospectusyorkvillepo.htm) in full (84,274 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2024-09-11
Quote: “On July 9, 2024, the Company entered into a Sales Agreement... Up to $125,000,000 of shares of our Common Stock may be issued if and when sold pursuant to the Sales Agreement”