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
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing directly describes the Standby Equity Purchase Agreement with YA II PN, LTD. for up to $250 million of common stock, sold from time to time.
Confirmed in the source:
- Applied Digital entered into a Standby Equity Purchase Agreement with YA II PN, LTD. (dated August 28, 2024, amended August 29, 2024)
- Under the agreement, the company may issue and sell common stock to YA Fund from time to time
- The commitment is for up to $250 million of common stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000235/apld-20240905.htm) in full (8,574 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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")”