Private placement of common stock
Company: Applied Digital
The claim, verbatim
Applied Digital sold 49,382,720 shares at $3.24 per share for approximately $160 million in gross proceeds on September 5, 2024
Source (primary)
Applied Digital 8-K filed 2024-09-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On September 5, 2024, Applied Digital Corporation entered into a securities purchase agreement for the private placement of 49,382,720 shares at a purchase price of $3.24 per Share. As of the date of this report, the Private Placement closed with aggregate gross proceeds to the Company of approximately $160 million”
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 8-K filed 2024-09-10
Quote: “On September 5, 2024, Applied Digital Corporation entered into a securities purchase agreement for the private placement of 49,382,720 shares at a purchase price of $3.24 per Share. As of the date of this report, the Private Placement closed with aggregate gross proceeds to the Company of approximately $160 million”