Standby Equity Purchase Agreement with YA Fund
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a Standby Equity Purchase Agreement with YA II PN, LTD to issue and sell up to $250 million of common stock from time to time
Source (primary)
Applied Digital 8-K filed 2024-09-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “on August 28, 2024, the Company entered into the Standby Equity Purchase Agreement with YA II PN, LTD. ("YA Fund"), which was amended on August 29, 2024 (as amended, the "SEPA"), whereby the Company agreed to issue and sell to YA Fund, from time to time, and YA Fund agreed to purchase from the Company, up to $250 million of Common Stock (the "SEPA Aggregate Commitment")”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2024-09-10
Quote: “on August 28, 2024, the Company entered into the Standby Equity Purchase Agreement with YA II PN, LTD. ("YA Fund"), which was amended on August 29, 2024 (as amended, the "SEPA"), whereby the Company agreed to issue and sell to YA Fund, from time to time, and YA Fund agreed to purchase from the Company, up to $250 million of Common Stock (the "SEPA Aggregate Commitment")”