Goldman-backed PIPE offering
Company: Applied Digital
The claim, verbatim
Private placement of 49382720 Common Stock shares at 3.24 dollars per share; approximately 160 million dollars gross proceeds received September 9 2024
Source (primary)
Applied Digital S-1 filed 2024-09-11 (SEC EDGAR, sec_filing)
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Quote: “On September 5, 2024, the Company entered into a securities purchase agreement (the "PIPE Purchase Agreement") with the purchasers named therein (the "PIPE Purchasers"), for the private placement of 49,382,720 shares of the Company's Common Stock, at a purchase price of $3.24 per share, representing the last closing price of the Common Stock on Nasdaq on September 4, 2024. The private placement closed on September 9, 2024, with aggregate gross proceeds to the Company of approximately $160 million, before deducting offering expenses.”
How we checked this
Additional evidence
confirms Applied Digital S-1 filed 2024-09-11
Quote: “On September 5, 2024, the Company entered into a securities purchase agreement (the "PIPE Purchase Agreement") with the purchasers named therein (the "PIPE Purchasers"), for the private placement of 49,382,720 shares of the Company's Common Stock, at a purchase price of $3.24 per share, representing the last closing price of the Common Stock on Nasdaq on September 4, 2024. The private placement closed on September 9, 2024, with aggregate gross proceeds to the Company of approximately $160 million, before deducting offering expenses.”