Macquarie Asset Management Equity Investment
Company: Applied Digital
The claim, verbatim
Macquarie invested $112.5 million for 112,500 Preferred Units in APLD HPC TopCo 2 and received 7.5% fully diluted common equity at Initial Closing
Source (primary)
Applied Digital S-3 filed 2025-12-05 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “At the Initial Closing, APLD HPC TopCo 2 sold to the Purchaser 112,500 Preferred Units in APLD HPC TopCo 2 at a price per Preferred Unit of $1,000, for an aggregate purchase price of $112.5 million, and for no additional consideration, APLD HPC TopCo 2 agreed to issue to the Purchaser such number of Common Units of APLD HPC TopCo 2 representing, in the aggregate, seven and a half percent (7.5%) of the fully diluted common equity of APLD HPC TopCo 2”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The prospectus describes the $112.5 million purchase of 112,500 Preferred Units and the 7.5% fully diluted common equity stake, and identifies the purchaser as a Macquarie Asset Management affiliate; a later section confirms the MAM affiliate holds that 7.5%.
Confirmed in the source:
- At the Initial Closing on October 6, 2025, APLD HPC TopCo 2 sold 112,500 Preferred Units at $1,000 per unit for an aggregate $112.5 million
- The purchaser is an affiliate of funds and investment vehicles managed by entities within Macquarie Asset Management
- For no additional consideration, the purchaser was to receive Common Units representing 7.5% of APLD HPC TopCo 2's fully diluted common equity
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225026369/forms-3.htm) in full (89,712 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-3 filed 2025-12-05
Quote: “At the Initial Closing, APLD HPC TopCo 2 sold to the Purchaser 112,500 Preferred Units in APLD HPC TopCo 2 at a price per Preferred Unit of $1,000, for an aggregate purchase price of $112.5 million, and for no additional consideration, APLD HPC TopCo 2 agreed to issue to the Purchaser such number of Common Units of APLD HPC TopCo 2 representing, in the aggregate, seven and a half percent (7.5%) of the fully diluted common equity of APLD HPC TopCo 2”