Applied Digital Issues $53.2 Million Convertible Preferred Stock to ...

Aug 30, 2024 · Upon receipt of shareholder approval, the preferred stock will become convertible into common stock of the Company at an initial conversion price of $7.00 per share (a …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · Upon receipt of shareholder approval, the preferred stock will become convertible into common stock of the Company at an initial conversion price of $7.00 per share (a …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · Applied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center Project and Accelerate Growth Applied Digital Corporation Fri, Aug 30, 2024, 1:05 …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · Upon receipt of shareholder approval, the preferred stock will become convertible into common stock of the Company at an initial conversion price of $7.00 per share (a …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · The Investor has funded $50 million at closing and received 53,191 shares of the convertible preferred stock, with 3,191 of such shares representing a six percent original …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · The convertible preferred stock has a stated value of $1,000 per share and bears interest at eight percent, payable in PIK or cash. The Investor has funded $50 million at …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · The convertible preferred stock has a stated value of $1,000 per share and bears interest at eight percent, payable in PIK or cash. The Investor has funded $50 million at …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock

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DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation ( APLD) (â Applied Digitalâ or the â Companyâ ), a designer, builder, and operator ... Stock Ideas All-In-One …

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APLD Press Release: Applied Digital Issues $53.2 Million Converti...

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Aug 30, 2024 · Read Press Release for Applied Digital (APLD) published on Aug. 30, 2024 - Applied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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News Summary: DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital” or the "Company”), a designer, builder, and operator of next …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · Applied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center Project and Accelerate Growth ... 2024] Applied Digital Issues $53.2 Million …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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Aug 30, 2024 · Applied Digital (Nasdaq: APLD) has secured $53.2 million in convertible preferred stock from a single investor, netting $50 million in proceeds.The company, which specializes in …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation …

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Lowenstein Represents Applied Digital Corporation In Closing Of …

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Nov 4, 2024 · This year, Lowenstein has represented Applied Digital in the following transactions: $160 million strategic financing, Issuance of $53.2 million convertible preferred stock to …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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APLD Applied Digital Corporation Applied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center Project and Accelerate Growth. DALLAS, Aug. 30, 2024 …

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Applied Digital Reports Fiscal Second Quarter 2025 Results

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22 hours ago · Net loss: $138.7 million, which was negatively impacted by $87.2 million from the loss on change in fair value of debt, $25.4 million from the loss on conversion of debt, $9.5 …

applieddigital.com

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Applied Digital Reports Fiscal Second Quarter 2025 Results

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22 hours ago · Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset …

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Applied Digital Reports Fiscal Second Quarter 2025 Results

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22 hours ago · Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset …

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Applied Digital Issues $53.2 Million Convertible Preferred Stock To ...

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DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation …

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Applied Digital Stock Rises On $5 Billion HPC Financing Deal With …

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1 day ago · The money will be used to finish building the Ellendale campus, pay back about $180 million in project-level bridging debt, and recoup $300 million of equity investment. Applied …

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Earnings Call Transcript: Applied Digital Q2 FY2025 Beats EPS …

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1 day ago · Revenue grew by 51% year-over-year to $63.9 million, beating forecasts. The stock fell by 5.15% in aftermarket trading despite the earnings beat. ... Applied Digital's stock fell by …

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Applied Digital Stock Gains After Macquarie Invests $5 Billion

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1 day ago · Applied Digital secures $5 billion financing from MAM to support the build-out of its 400 MW Ellendale HPC Campus. The deal includes a 12.75% dividend on preferred equity, …

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Macquarie To Invest Up To $5 Billion In Applied Digital AI Data …

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Macquarie also has a right of first refusal to invest an additional $4.1 billion in future Applied Digital data centers for 30 months, aligning with the company’s expansion plans. The …

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FAQs about Applied Digital Issues $53.2 Million Convertible Preferred Stock to ... Coupon?

How much does Applied Digital's Preferred stock cost?

Upon receipt of shareholder approval, the preferred stock will become convertible into common stock of the Company at an initial conversion price of $7.00 per share (a premium of over 80% to Applied Digital’s latest common stock price), so long as the reset feature outlined within the definitive documents is not triggered. ...

How much is a convertible preferred stock worth?

The convertible preferred stock has a stated value of $1,000 per share and bears interest at eight percent, payable in PIK or cash. The Investor has funded $50 million at closing and received 53,191 shares of the convertible preferred stock, with 3,191 of such shares representing a six percent original discount in the transaction. ...

Who is applied Digital Corporation?

Applied Digital Corporation, a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing applications, today announced it has entered into a private financing arrangement with a single investor, pursuant to which the Company has issued $53.2 million in convertible preferred stock for net... ...

Does applied digital have a preferred equity financing facility?

Recent Operational Highlights Applied Digital Corporation entered today into a $5.0 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by Macquarie Asset Management (“MAM”), for its HPC business conducted through APLD HPC Holdings LLC (“APLDH”), a subsidiary of Applied Digital. ...

Why did applied digital invest in HPC?

The investment is planned to give resources for Applied Digital to increase its HPC capacity to 2.0 gigabytes, hence enabling artificial intelligence and machine learning applications. Preferred stock with a 12.75% annual dividend makes up the financing source; redemption opportunities start five years after closure. ...

How much cash does applied digital have in 2024?

As of November 30, 2024, the Company had $314.6 million in cash, cash equivalents, and restricted cash, along with $479.6 million in debt. Conference Call Applied Digital will host a conference call today, January 14, 2025, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss these results. ...