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
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 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”