Warrant issuance (second tranche, private placement)
Company: Applied Digital
The claim, verbatim
Company will issue warrants to purchase 2,964,917 common shares with exercise price of $4.8005 per share in connection with Lender's funding of final $110 million of Subsequent Tranche
Source (primary)
Applied Digital 8-K filed 2024-06-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The second tranche will be issued in connection with the Lender's funding of the final $110 million available under the Subsequent Tranche (the "Private Placement Warrants") and will be issued in a private placement pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the second tranche's share count, the $4.8005 exercise price, and the $110 million funding trigger as written.
Confirmed in the source:
- The second warrant tranche covers up to 2,964,917 common shares
- The warrants have an exercise price of $4.8005 per share
- The second tranche will be issued in connection with the Lender's funding of the final $110 million under the Subsequent Tranche
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000151/apld-20240607.htm) in full (13,148 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-06-07
Quote: “The second tranche will be issued in connection with the Lender's funding of the final $110 million available under the Subsequent Tranche (the "Private Placement Warrants") and will be issued in a private placement pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended”