Warrant issued to CIM for common stock purchase
Company: Applied Digital
The claim, verbatim
Warrant issued to CIM to purchase up to 6,300,449 shares of common stock as partial consideration for the initial $15 million borrowing
Source (primary)
Applied Digital 8-K filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On June 17, 2024, as partial consideration for the initial $15 million, the Company issued a warrant (the "Registered Warrant") to CIM to purchase up to 6,300,449 shares of common stock of the Company, par value $0.001, in a registered direct issuance”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that on June 17, 2024 the Company issued CIM a warrant for up to 6,300,449 shares as partial consideration for the initial $15 million.
Confirmed in the source:
- The Company issued a warrant to CIM
- The warrant is to purchase up to 6,300,449 shares of Applied Digital common stock
- The warrant was issued as partial consideration for the initial $15 million
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000171/apld-20240617.htm) in full (4,930 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-06-17
Quote: “On June 17, 2024, as partial consideration for the initial $15 million, the Company issued a warrant (the "Registered Warrant") to CIM to purchase up to 6,300,449 shares of common stock of the Company, par value $0.001, in a registered direct issuance”