IPO completion and equity raise
Company: Applied Digital
The claim, verbatim
Completed IPO uplisting to Nasdaq in April, raising approximately $36 million in net proceeds
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Completed an initial public offering ("IPO") with uplisting to Nasdaq in April, raising approximate net proceeds of $36 million”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states that the IPO and Nasdaq uplisting were completed in April with approximate net proceeds of $36 million.
Confirmed in the source:
- Applied Blockchain completed an IPO with uplisting to Nasdaq in April
- The IPO raised approximately $36 million in net proceeds
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/10/applied-blockchain-reports-fiscal-third-quarter-2022-ended/) in full (19,855 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Completed an initial public offering ("IPO") with uplisting to Nasdaq in April, raising approximate net proceeds of $36 million”