Additional warrant issuance contingent on accordion draws
Company: Applied Digital
The claim, verbatim
Company will issue additional warrant to purchase up to 5,559,220 common shares with exercise price of $4.8005 per share to the extent Borrower makes drawings under the Accordion
Source (primary)
Applied Digital 8-K filed 2024-06-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In addition, to the extent the Borrower makes drawings under the Accordion, the Company will issue to the Lender an additional warrant to purchase up to 5,559,220 Common Shares.”
How we checked this
Checked on September 18, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the contingent 5,559,220-share accordion warrant. The $4.8005 price is stated only for the defined 'Warrants', which do not include this additional warrant.
Confirmed in the source:
- The Company will issue the Lender an additional warrant for up to 5,559,220 common shares to the extent the Borrower draws under the Accordion
We could not confirm this from the cited source:
- The additional accordion warrant has an exercise price of $4.8005 per share
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “In addition, to the extent the Borrower makes drawings under the Accordion, the Company will issue to the Lender an additional warrant to purchase up to 5,559,220 Common Shares.”