Initial Macquarie investment closed
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital received $112.5 million investment from Macquarie Asset Management through purchase of 112,500 Preferred Units at $1,000 per unit, which closed October 6, 2025, and issuance of Common Units representing 7.5% of the Subsidiary Issuer's fully diluted common equity
Source (primary)
Applied Digital 8-K filed 2025-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Subsidiary Issuer agreed to sell to the Purchaser at the Initial Closing (as defined in the A&R UPA), 112,500 Preferred Units in the Subsidiary Issuer (the "Initial Preferred Units") at a price per Preferred Unit of $1,000, for an aggregate purchase price of $112.5 million, and for no additional consideration, the Subsidiary Issuer agreed to issue to the Purchaser such number of Common Units of the Subsidiary Issuer representing, in the aggregate, seven and a half percent (7.5%) of the fully diluted common equity of the Subsidiary Issuer”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2025-10-09
Quote: “the Subsidiary Issuer agreed to sell to the Purchaser at the Initial Closing (as defined in the A&R UPA), 112,500 Preferred Units in the Subsidiary Issuer (the "Initial Preferred Units") at a price per Preferred Unit of $1,000, for an aggregate purchase price of $112.5 million, and for no additional consideration, the Subsidiary Issuer agreed to issue to the Purchaser such number of Common Units of the Subsidiary Issuer representing, in the aggregate, seven and a half percent (7.5%) of the fully diluted common equity of the Subsidiary Issuer”