Loan agreement with Tranche 1 warrant issuance
Company: Applied Digital
The claim, verbatim
Applied Digital's subsidiary has an agreement with APLD Lender Holdings to fund loans, in connection with which APLD owns 6,300,449 warrants to purchase Common Stock at $4.8005 per share with a five-year term
Source (primary)
Applied Digital SC 13G filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
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”
How we checked this
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Additional evidence
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”