Loan agreement with Tranche 1 warrant issuance

Checked on September 18, 2026. The cited source supports part of this claim, but not all of it.

The filing confirms the Tranche 1 warrant for 6,300,449 shares, its $4.8005 exercise price and five-year term, and a loan-funding agreement with an Applied Digital subsidiary. Grammatically, though, it links that agreement to the Tranche 2 right, not to the Tranche 1 warrant. It also describes one warrant covering 6,300,449 shares, not 6,300,449 separate warrants.

Confirmed in the source:

• APLD Lender Holdings has an agreement to fund loans to a subsidiary of Applied Digital
• APLD Lender Holdings directly owns a Tranche 1 warrant to purchase 6,300,449 shares of Applied Digital common stock
• The warrants have an exercise price of $4.8005 per share
• The warrants have a five-year term

We could not confirm this from the cited source:

• The Tranche 1 warrant was issued in connection with the loan agreement (the filing ties the loan-funding agreement explicitly only to the Tranche 2 warrant right)

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000119312524162774/d228098dsc13g.htm) in full (17,314 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

confirms Applied Digital SC 13G filed 2024-06-17

Quote: “APLD Lender Holdings currently directly owns a warrant to purchase 6,300,449 shares of Common Stock ("Tranche 1 Warrants")... in connection with its agreement to fund additional loans to a subsidiary of the Issuer”

View cached copy (2026-08-31)Live source ↗