Conditional Tranche 2 warrant right
Company: Applied Digital
The claim, verbatim
APLD Lender Holdings has the right to acquire 2,964,917 additional warrants to purchase Common Stock at $4.8005 per share with a five-year term, contingent on its agreement to fund additional loans to Applied Digital's subsidiary
Source (primary)
Applied Digital SC 13G filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “has the right to acquire an additional warrant to purchase an additional 2,964,917 shares of Common Stock in connection with its agreement to fund additional loans to a subsidiary of the Issuer, subject to certain conditions”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states each element: the conditional right to a Tranche 2 warrant for 2,964,917 shares tied to funding additional loans to a subsidiary, plus the $4.8005 exercise price and five-year term. The filing describes this as a single warrant covering 2,964,917 shares.
Confirmed in the source:
- APLD Lender Holdings has the right to acquire an additional warrant to purchase 2,964,917 shares of Applied Digital common stock
- The right is in connection with its agreement to fund additional loans to an Applied Digital subsidiary and is subject to certain conditions
- The warrants have an exercise price of $4.8005 per share
- The warrants have a five-year term
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.
Additional evidence
confirms Applied Digital SC 13G filed 2024-06-17
Quote: “has the right to acquire an additional warrant to purchase an additional 2,964,917 shares of Common Stock in connection with its agreement to fund additional loans to a subsidiary of the Issuer, subject to certain conditions”