At-the-Market offering facility
Company: Applied Digital
The claim, verbatim
Sales Agreement with multiple investment banks allowing issuance of up to 125 million dollars of Common Stock at market prices; approximately 16.4 million dollars of proceeds as of filing
Source (primary)
Applied Digital S-1 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On July 9, 2024, we entered into a Sales Agreement with B. Riley Securities, Inc., BTIG, LLC, Lake Street Capital Markets, LLC, Northland Securities, Inc. and Roth Capital Partners, LLC (the "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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital S-1 filed 2024-09-11
Quote: “On July 9, 2024, we entered into a Sales Agreement with B. Riley Securities, Inc., BTIG, LLC, Lake Street Capital Markets, LLC, Northland Securities, Inc. and Roth Capital Partners, LLC (the "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.”