Accordion loan and warrant program
Company: Applied Digital
The claim, verbatim
Applied Digital's subsidiary may issue up to 5,559,220 additional warrants to purchase Common Stock at $4.8005 per share with a five-year term upon APLD funding accordion loans, subject to discretion of both parties and certain conditions
Source (primary)
Applied Digital SC 13G filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “to the extent in the future APLD Lender Holdings enters into accordion loans with a subsidiary of the Issuer... upon funding of such loans, APLD Lender Holdings may acquire additional warrants to purchase up to an additional 5,559,220 shares of Common Stock”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital SC 13G filed 2024-06-17
Quote: “to the extent in the future APLD Lender Holdings enters into accordion loans with a subsidiary of the Issuer... upon funding of such loans, APLD Lender Holdings may acquire additional warrants to purchase up to an additional 5,559,220 shares of Common Stock”