Warrants issued to Macquarie affiliates
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital issued warrants to Macquarie affiliates to purchase 2,400,000 shares of common stock at an exercise price of $8.29 per share, exercisable upon Macquarie funding the full $450 million in Polaris Forge 1
Source (primary)
Applied Digital 8-K filed 2025-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company issued to the designated affiliates of the Purchaser, warrants to purchase an aggregate of 2,400,000 shares of the Company's common stock, par value $0.001 per share (the "Common Shares") at the exercise price of $8.29 per share”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing states the recipients, share count, exercise price, and the funding condition to exercisability.
Confirmed in the source:
- On October 6, 2025 Applied Digital issued warrants to designated affiliates of the Purchaser, an affiliate of Macquarie Asset Management
- The warrants cover an aggregate of 2,400,000 shares of common stock
- The exercise price is $8.29 per share
- The warrants become exercisable upon the Purchaser funding the full $450 million in Polaris Forge 1
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225017609/form8-k.htm) in full (22,804 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-10-09
Quote: “the Company issued to the designated affiliates of the Purchaser, warrants to purchase an aggregate of 2,400,000 shares of the Company's common stock, par value $0.001 per share (the "Common Shares") at the exercise price of $8.29 per share”