Unit Purchase Agreement with MIP VI Holdings
Company: Applied Digital
The claim, verbatim
Company pursuing completion of Unit Purchase Agreement dated January 13, 2025 with APLD HPC Holdings LLC and MIP VI Holdings II, LLC
Source (primary)
ARS (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗
Quote: “our ability to complete the negotiation and execution of the definitive transaction documents required to close the Unit Purchase Agreement, dated January 13, 2025, by and among Applied Digital Corporation, APLD HPC Holdings LLC and MIP VI Holdings II, LLC”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K identifies the January 13, 2025 Unit Purchase Agreement and says closing was still pending conditions, with deadlines extended to October 13, 2025.
Confirmed in the source:
- A Unit Purchase Agreement dated January 13, 2025 exists among Applied Digital Corporation, APLD HPC Holdings LLC and MIP VI Holdings II, LLC
- As of the filing, the company was still working to complete the transaction documents needed to close that agreement
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001493152-25-014502/formars.pdf) in full (529,223 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms ARS
Quote: “our ability to complete the negotiation and execution of the definitive transaction documents required to close the Unit Purchase Agreement, dated January 13, 2025, by and among Applied Digital Corporation, APLD HPC Holdings LLC and MIP VI Holdings II, LLC”