$160 million private placement from NVIDIA and institutional investors
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened September 9, 2024
The claim, made on 2024-10-09, reports a closing that had already happened on September 9, 2024. Later filings confirm the placement closed.
“During the quarter ended November 30, 2024, the Private Placement closed with aggregate gross proceeds to the Company of approximately $ 160 million”
2025-01-13 · Applied Digital 10-Q filed 2025-01-14 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The company entered into definitive agreements for a $160 million private placement financing at market price from institutional and accredited investors, NVIDIA, and Related Companies. The transaction closed on September 9, 2024.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “The Company announced on September 5, 2024 that it has entered into definitive agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors, NVIDIA and Related Companies... The transaction closed on September 9, 2024.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states every element of this claim: the $160 million at-market private placement, the investor group including NVIDIA and Related Companies, and the September 9, 2024 closing.
Confirmed in the source:
- Applied Digital entered into definitive agreements for a $160 million private placement financing
- The private placement was priced at market
- The investors were a group of institutional and accredited investors, NVIDIA, and Related Companies
- The transaction closed on September 9, 2024
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/109/applied-digital-reports-fiscal-first-quarter-2025-results/) in full (29,046 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “The Company announced on September 5, 2024 that it has entered into definitive agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors, NVIDIA and Related Companies... The transaction closed on September 9, 2024.”
confirms Earnings Release
Quote: “The Company announced on September 5, 2024 that it has entered into definitive agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors, NVIDIA and Related Companies... The transaction closed on September 9, 2024.”