{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-03T15:37:45.184596+00:00","company":{"ticker":"APLD","cik":1144879,"company_name":"Applied Digital Corp."},"pagination":{"limit":100,"returned":41,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","facts":[{"fact_type":"ma_transaction","fact_key":"87845ea20909b4762c4024cb6257726ac06d6233","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-05-05T23:59:59+00:00","payload":{"action":"disposition","closing_date":"2026-05-05","consideration_text":null,"counterparty":"Ekso Bionics Holdings, Inc.","effective_date":"2026-05-05","item_codes_triggered":["2.01"]},"claim":"Applied Digital Corp. completed a disposition involving Ekso Bionics Holdings, Inc. (closed 2026-05-05).","evidence_excerpt":"On May 5, 2026 (the “Closing Date”), Applied Digital Corporation, a Nevada corporation (the “Company”), completed the previously announced divestiture of its cloud business pursuant to that certain Contribution and Exchange Agreement","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-021333","anchor_url":"https://secwatch.observer/filing/0001493152-26-021333#claim-87845ea20909b4762c4024cb6257726ac06d6233","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226021333/0001493152-26-021333-index.htm"},{"fact_type":"earnings_release","fact_key":"ef4ff8bb7c19e1570ea33f49c79f4a6f592161ba","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-04-08T23:59:59+00:00","payload":{"eps_text":"Net loss attributable to common stockholders per basic and diluted share: $0.36","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss attributable to common stockholders: $100.9 million","period_text":"third fiscal quarter ended February 28, 2026","report_date":"2026-04-08","result_type":"reported_results","revenue_text":"Revenues: $126.6 million"},"claim":"Applied Digital Corp. reported third fiscal quarter ended February 28, 2026 results: revenue Revenues: $126.6 million, net income Net loss attributable to common stockholders: $100.9 million, EPS Net loss attributable to common stockholders per basic and diluted share: $0.36.","evidence_excerpt":"Fiscal Third Quarter 2026 Financial Highlights • Revenues: $126.6 million, up 139% from the prior year comparable period • Net loss attributable to common stockholders: $100.9 million, down 179% from the prior year comparable period • Net loss attributable to common stockholders per basic and diluted share: $0.36, down 125% from the prior year comparable period","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001144879-26-000029","anchor_url":"https://secwatch.observer/filing/0001144879-26-000029#claim-ef4ff8bb7c19e1570ea33f49c79f4a6f592161ba","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487926000029/0001144879-26-000029-index.htm"},{"fact_type":"material_agreement","fact_key":"0ae61d830652c667d100e88cb668383390f3e733","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-04-01T23:59:59+00:00","payload":{"action":"entry","agreement_name":"ELN-03 Guaranty","agreement_type":"other","counterparty":"CoreWeave Parent","effective_date":"2026-03-30","item_codes_triggered":["1.01"],"value_text":"Unconditional Springing Guaranty of Payment and Performance in connection with CoreWeave SPV's oblig"},"claim":"Applied Digital Corp. entered into ELN-03 Guaranty with CoreWeave Parent valued at Unconditional Springing Guaranty of Payment and Performance in connection with CoreWeave SPV's oblig (effective 2026-03-30).","evidence_excerpt":"CoreWeave Parent also provided an Unconditional Springing Guaranty of Payment and Performance in connection with CoreWeave SPV’s obligations under the ELN-03 Parent Lease (the “ELN-03 Guaranty”), similar to the ELN-02 Guaranty.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-014498","anchor_url":"https://secwatch.observer/filing/0001493152-26-014498#claim-0ae61d830652c667d100e88cb668383390f3e733","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226014498/0001493152-26-014498-index.htm"},{"fact_type":"material_agreement","fact_key":"ca57f3e5902d3cb42d2a117edf0502e1293c70c0","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-04-01T23:59:59+00:00","payload":{"action":"entry","agreement_name":"ELN-03 Assignment Agreement","agreement_type":"other","counterparty":"CoreWeave SPV","effective_date":"2026-03-30","item_codes_triggered":["1.01"],"value_text":"Assignment of all rights and obligations under the ELN-03 Parent Lease from CoreWeave Parent to Core"},"claim":"Applied Digital Corp. entered into ELN-03 Assignment Agreement with CoreWeave SPV valued at Assignment of all rights and obligations under the ELN-03 Parent Lease from CoreWeave Parent to Core (effective 2026-03-30).","evidence_excerpt":"On March 30, 2026, CoreWeave Parent entered into an Assignment, Assumption and Consent Agreement with CoreWeave SPV and APLD ELN-03 LLC (the “Assignment Agreement”), assigning all of CoreWeave Parent’s rights and obligations under the ELN-03 Parent Lease to CoreWeave SPV for the remaining term of the ELN-03 Parent Lease and releasing CoreWeave Parent from the ELN-03 Parent Lease.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-014498","anchor_url":"https://secwatch.observer/filing/0001493152-26-014498#claim-ca57f3e5902d3cb42d2a117edf0502e1293c70c0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226014498/0001493152-26-014498-index.htm"},{"fact_type":"material_agreement","fact_key":"ed47341bae78d41e9efeebd9e67f8c4384306abf","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-04-01T23:59:59+00:00","payload":{"action":"entry","agreement_name":"ELN-02 Guaranty","agreement_type":"other","counterparty":"CoreWeave Parent","effective_date":"2026-03-30","item_codes_triggered":["1.01"],"value_text":"Unconditional Springing Guaranty of Payment and Performance in connection with CoreWeave SPV's oblig"},"claim":"Applied Digital Corp. entered into ELN-02 Guaranty with CoreWeave Parent valued at Unconditional Springing Guaranty of Payment and Performance in connection with CoreWeave SPV's oblig (effective 2026-03-30).","evidence_excerpt":"On March 30, 2026, as further credit enhancement, CoreWeave Parent delivered to APLD ELN-02 LLC an Unconditional Springing Guaranty of Payment and Performance (the “ELN-02 Guaranty”) in connection with CoreWeave SPV’s obligations under the ELN-02 SPV Lease.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-014498","anchor_url":"https://secwatch.observer/filing/0001493152-26-014498#claim-ed47341bae78d41e9efeebd9e67f8c4384306abf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226014498/0001493152-26-014498-index.htm"},{"fact_type":"material_agreement","fact_key":"495fd7623dc0cc02f841b4383145823c241deb1d","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-04-01T23:59:59+00:00","payload":{"action":"entry","agreement_name":"ELN-02 SPV Lease","agreement_type":"lease","counterparty":"CoreWeave Compute Acquisition Co. VIII, LLC","effective_date":"2026-03-30","item_codes_triggered":["1.01"],"value_text":"New datacenter lease for two data halls on substantially the same terms as the ELN-02 Parent Lease,"},"claim":"Applied Digital Corp. entered into ELN-02 SPV Lease with CoreWeave Compute Acquisition Co. VIII, LLC valued at New datacenter lease for two data halls on substantially the same terms as the ELN-02 Parent Lease, (effective 2026-03-30).","evidence_excerpt":"the Company entered into a new datacenter lease with CoreWeave Compute Acquisition Co. VIII, LLC (“CoreWeave SPV”), a wholly owned subsidiary of CoreWeave Parent, for those two data halls on substantially the same terms as the ELN-02 Parent Lease (the “ELN-02 SPV Lease”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-014498","anchor_url":"https://secwatch.observer/filing/0001493152-26-014498#claim-495fd7623dc0cc02f841b4383145823c241deb1d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226014498/0001493152-26-014498-index.htm"},{"fact_type":"material_agreement","fact_key":"14759d59a3c34612cbbcae7cd1dcd6522017159b","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-04-01T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"ELN-02 Parent Lease Amendment","agreement_type":"lease","counterparty":"CoreWeave Parent","effective_date":"2026-03-30","item_codes_triggered":["1.01"],"value_text":"Amendment to suspend the term for two of the four data halls covered by the ELN-02 Parent Lease."},"claim":"Applied Digital Corp. amended ELN-02 Parent Lease Amendment with CoreWeave Parent valued at Amendment to suspend the term for two of the four data halls covered by the ELN-02 Parent Lease. (effective 2026-03-30).","evidence_excerpt":"On March 30, 2026, the Company and CoreWeave Parent amended the ELN-02 Parent Lease to suspend the term for two of the four data halls covered by the lease (the “ELN-02 Parent Lease Amendment”)","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-014498","anchor_url":"https://secwatch.observer/filing/0001493152-26-014498#claim-14759d59a3c34612cbbcae7cd1dcd6522017159b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226014498/0001493152-26-014498-index.htm"},{"fact_type":"debt_financing","fact_key":"c99f10dedec74545ff3ed5331fb0c8fec83592c8","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-03-10T23:59:59+00:00","payload":{"counterparty":"Goldman Sachs & Co. LLC as representative of the several initial purchasers named in Schedule I thereto","effective_date":"2026-03-10","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"6.750% per annum","item_codes_triggered":["2.03"],"maturity_text":"March 15, 2031","principal_text":"$2.15 billion"},"claim":"Applied Digital Corp. incurred senior notes of $2.15 billion with Goldman Sachs & Co. LLC as representative of the several initial purchasers named in Schedule I thereto at 6.750% per annum maturing March 15, 2031.","evidence_excerpt":"Act”), and outside the United\nStates to non-U.S. persons in reliance on Regulation S under the Securities Act. The aggregate principal amount of notes sold in the\noffering was $2.15 billion. The\nnotes were issued at a price equal to 98.000% of their principal amount. The Issuer intends to use the net proceeds from the offering\nto fund the development and","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-009538","anchor_url":"https://secwatch.observer/filing/0001493152-26-009538#claim-c99f10dedec74545ff3ed5331fb0c8fec83592c8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226009538/0001493152-26-009538-index.htm"},{"fact_type":"material_agreement","fact_key":"826b60cb36b0d83681dd2350fcb10a0264964469","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-03-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Indenture","agreement_type":"notes_offering","counterparty":"Wilmington Trust, National Association","effective_date":"2026-03-10","item_codes_triggered":["1.01"],"value_text":"$2.15 billion"},"claim":"Applied Digital Corp. entered into Indenture with Wilmington Trust, National Association valued at $2.15 billion (effective 2026-03-10).","evidence_excerpt":"ccount) in accordance with the provisions of the indenture governing the notes, and to pay related fees and expenses, including transaction","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-009538","anchor_url":"https://secwatch.observer/filing/0001493152-26-009538#claim-826b60cb36b0d83681dd2350fcb10a0264964469","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226009538/0001493152-26-009538-index.htm"},{"fact_type":"debt_financing","fact_key":"b0f26b7f0766a2a5022fd3a31622539d1b430809","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-03-04T23:59:59+00:00","payload":{"counterparty":"The Babcock & Wilcox Company","effective_date":"2026-02-26","event":"off_balance_sheet","instrument_type":"guarantee","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":null,"principal_text":"approximately $2.4 billion"},"claim":"Applied Digital Corp. entered an off-balance-sheet arrangement for guarantee of approximately $2.4 billion with The Babcock & Wilcox Company.","evidence_excerpt":"the “Guarantee”) in favor of The Babcock & Wilcox Company (NYSE: BW) (“B&W”), pursuant to which Applied\nDigital has agreed to unconditionally and irrevocably guarantee the full and timely performance by Base Electron, Inc.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-008849","anchor_url":"https://secwatch.observer/filing/0001493152-26-008849#claim-b0f26b7f0766a2a5022fd3a31622539d1b430809","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226008849/0001493152-26-008849-index.htm"},{"fact_type":"material_agreement","fact_key":"a3e7eae58c35c209690864ab019cf2ce7d32a93e","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-03-04T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Guarantee","agreement_type":"other","counterparty":"The Babcock & Wilcox Company","effective_date":"2026-02-26","item_codes_triggered":["1.01"],"value_text":null},"claim":"Applied Digital Corp. entered into Guarantee with The Babcock & Wilcox Company (effective 2026-02-26).","evidence_excerpt":"On February 26, 2026, Applied Digital Corporation (“Applied Digital” or the “Company”) entered into a Guarantee (the “Guarantee”) in favor of The Babcock & Wilcox Company (NYSE: BW) (“B&W”), pursuant to which Applied Digital has agreed to unconditionally and irrevocably guarantee the full and timely performance by Base Electron, Inc. (“Base Electron”) of its obligations under that certain Design-Build Agreement, dated February 26, 2026, by and between Base Electron and B&W (the “Design-Build Agreement”).","confidence":0.7,"filing_url":"https://secwatch.observer/filing/0001493152-26-008849","anchor_url":"https://secwatch.observer/filing/0001493152-26-008849#claim-a3e7eae58c35c209690864ab019cf2ce7d32a93e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226008849/0001493152-26-008849-index.htm"},{"fact_type":"material_agreement","fact_key":"e7319ae6cffac3ad82f1e0706a9c55e314bd2463","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2026-02-17T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Contribution and Exchange Agreement","agreement_type":"merger","counterparty":"Ekso Bionics Holdings, Inc.","effective_date":"2026-02-15","item_codes_triggered":["1.01"],"value_text":null},"claim":"Applied Digital Corp. entered into Contribution and Exchange Agreement with Ekso Bionics Holdings, Inc. (effective 2026-02-15).","evidence_excerpt":"On February 15, 2026, APLD Intermediate HoldCo LLC, a Delaware limited liability company (\"APLD Intermediate\"), APLD ChronoScale HoldCo LLC, a Delaware limited liability company and a wholly owned subsidiary of APLD Intermediate (\"Contributor\"), each a wholly owned direct or indirect subsidiary of Applied Digital Corporation, a Nevada corporation (\"APLD\" or the \"Company\"), and Applied Digital Cloud Corporation, a Nevada corporation, which at the time of the Closing (as defined below), will be a wholly owned subsidiary of Contributor (\"Cloud\"), entered into a Contribution and Exchange Agreement with Ekso Bionics Holdings, Inc., a Nevada corporation (\"Ekso\") (the \"Contribution and Exchange Agreement\") for purposes of consummating a business combination","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-006897","anchor_url":"https://secwatch.observer/filing/0001493152-26-006897#claim-e7319ae6cffac3ad82f1e0706a9c55e314bd2463","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226006897/0001493152-26-006897-index.htm"},{"fact_type":"debt_financing","fact_key":"2f37d122766123cede97c9ed3a1d617f8b07755f","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2025-12-22T23:59:59+00:00","payload":{"counterparty":"Macquarie Equipment Capital, Inc.","effective_date":"2025-12-18","event":"incurrence","instrument_type":"loan","interest_rate_text":"8.0% per annum","item_codes_triggered":["2.03"],"maturity_text":"December 18, 2027","principal_text":"$45 million"},"claim":"Applied Digital Corp. incurred loan of $45 million with Macquarie Equipment Capital, Inc. at 8.0% per annum maturing December 18, 2027.","evidence_excerpt":"by, among other documents, a promissory note (the “Promissory Note”) executed by the Borrower\nin favor of the Lender. The Promissory Note provides for a principal sum of (a) $45 million (the “First Draw”), which was\ndrawn on the Closing Date, plus (b) $55 million (the “Second Draw,” and, together with the First Draw, each, a “Draw”\nand, collectively, the","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-028791","anchor_url":"https://secwatch.observer/filing/0001493152-25-028791#claim-2f37d122766123cede97c9ed3a1d617f8b07755f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225028791/0001493152-25-028791-index.htm"},{"fact_type":"debt_financing","fact_key":"ed67d5ea173ad33cfbf2acc6fdcb737f090b5f22","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2025-11-20T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2025-11-20","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"9.250% per annum","item_codes_triggered":["2.03"],"maturity_text":"December 15, 2030","principal_text":"$2.35 billion"},"claim":"Applied Digital Corp. incurred senior notes of $2.35 billion at 9.250% per annum maturing December 15, 2030.","evidence_excerpt":"Act”), and outside the United States to non-U.S.\npersons in reliance on Regulation S under the Securities Act. The aggregate principal amount of notes sold in the offering was $2.35\nbillion. The notes were issued at a price equal to 97.000% of their principal amount. The Issuer intends to use the net proceeds from\nthe offering to fund a portion of the construction","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001493152-25-024479","anchor_url":"https://secwatch.observer/filing/0001493152-25-024479#claim-ed67d5ea173ad33cfbf2acc6fdcb737f090b5f22","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225024479/0001493152-25-024479-index.htm"},{"fact_type":"governance_change","fact_key":"b631b7bbdbe345e9a7ec87cfd470aaf9765402b7","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2025-10-21T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-10-21","item_codes_triggered":["5.03"],"summary_text":"Increased authorized Series G Preferred Stock from 204,000 to 1,030,000 shares and adjusted the Floor Price limit from $4.33 to $4.48, with board discretion to further adjust Floor Price."},"claim":"Applied Digital Corp.: Increased authorized Series G Preferred Stock from 204,000 to 1,030,000 shares and adjusted the Floor Price limit from $4.33 to $4.48, with board discretion to further adjust Floor Price (effective 2025-10-21).","evidence_excerpt":"On October 21, 2025, in connection with the entry into the Fourth Amendment, the Company filed an amendment (the “Fifth Certificate of Designations Amendment”) to the Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, originally filed with the Secretary of State of the State of Nevada on April 30, 2025, as amended on each of August 14, 2025, September 11, 2025, September 25, 2025 and October 14, 2025 (as amended, the “Certificate of Designations”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-018800","anchor_url":"https://secwatch.observer/filing/0001493152-25-018800#claim-b631b7bbdbe345e9a7ec87cfd470aaf9765402b7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225018800/0001493152-25-018800-index.htm"},{"fact_type":"governance_change","fact_key":"4f63020a7ea9c62eea2b5332800069e24f7c07c1","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2025-10-17T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-10-14","item_codes_triggered":["5.03"],"summary_text":"Amended Certificate of Designations for Series G Convertible Preferred Stock to increase Floor Price from $22.00 to $34.00"},"claim":"Applied Digital Corp.: Amended Certificate of Designations for Series G Convertible Preferred Stock to increase Floor Price from $22.00 to $34.00 (effective 2025-10-14).","evidence_excerpt":"On October 14, 2025, Applied Digital Corporation (the “Company”) filed an amendment (the “Certificate of Designations Amendment”) to the Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, originally filed with the Secretary of State of the State of Nevada on April 30, 2025, as amended on August 14, 2025, September 11, 2025 and September 25, 2025 (as amended, the “Certificate of Designations”). The Certificate of Designations Amendment amends the Certificate of Designations to increase the Floor Price (as set forth in Section 1.5(c)(i) of the Certificate of Designations) to $34.00 from $22.00.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-018464","anchor_url":"https://secwatch.observer/filing/0001493152-25-018464#claim-4f63020a7ea9c62eea2b5332800069e24f7c07c1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225018464/0001493152-25-018464-index.htm"},{"fact_type":"governance_change","fact_key":"865ac72db0152ea1fa83679d216d8f206ece1b06","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2025-09-26T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-09-25","item_codes_triggered":["5.03"],"summary_text":"Amended Series G Convertible Preferred Stock Certificate of Designations to increase Floor Price from $12.50 to $22.00"},"claim":"Applied Digital Corp.: Amended Series G Convertible Preferred Stock Certificate of Designations to increase Floor Price from $12.50 to $22.00 (effective 2025-09-25).","evidence_excerpt":"On September 25, 2025, Applied Digital Corporation (the “Company”) filed an amendment (the “Certificate of Designations Amendment”) to the Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, originally filed with the Secretary of State of the State of Nevada on April 30, 2025, as amended on August 14, 2025 and September 11, 2025 (as amended, the “Certificate of Designations”). The Certificate of Designations Amendment amends the Certificate of Designations to increase the Floor Price (as set forth in Section 1.5(c)(i) of the Certificate of Designations) to $22.00 from $12.50.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-015760","anchor_url":"https://secwatch.observer/filing/0001493152-25-015760#claim-865ac72db0152ea1fa83679d216d8f206ece1b06","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225015760/0001493152-25-015760-index.htm"},{"fact_type":"debt_financing","fact_key":"bdc256c706dd2c664853f07424d57da037c9ea02","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2025-09-12T23:59:59+00:00","payload":{"counterparty":"Macquarie Equipment Capital, Inc.","effective_date":"2025-09-09","event":"incurrence","instrument_type":"loan","interest_rate_text":"8.0% per annum","item_codes_triggered":["2.03"],"maturity_text":"September 9, 2027","principal_text":"$50 million (the “Initial Loan”), which was drawn on the Closing Date, plus (b) subject to the mutual consent of the Bor"},"claim":"Applied Digital Corp. incurred loan of $50 million (the “Initial Loan”), which was drawn on the Closing Date, plus (b) subject to the mutual consent of the Bor with Macquarie Equipment Capital, Inc. at 8.0% per annum maturing September 9, 2027.","evidence_excerpt":"a promissory note (the\n“Promissory Note”) with Macquarie Equipment Capital, Inc., a Delaware corporation (the “Lender”). 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Under the PPA, the issuance of the second Promissory Note in the principal amount of $10 million in consideration of a cash payment by the Investor of $9.5 million, representing a five percent original issue discount (the “Second Promissory Note”) was subject to the","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001144879-24-000097","anchor_url":"https://secwatch.observer/filing/0001144879-24-000097#claim-9fe988d1130a1ee71a6a87876c0f198c216560fa","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000097/0001144879-24-000097-index.htm"},{"fact_type":"material_agreement","fact_key":"56b956c30e73b0ed80f108728dedfb6da860ff49","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2024-04-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Second Promissory Note","agreement_type":"notes_offering","counterparty":"YA II PN, LTD.","effective_date":"2024-04-24","item_codes_triggered":["1.01"],"value_text":"$10,000,000"},"claim":"Applied Digital Corp. entered into Second Promissory Note with YA II PN, LTD. valued at $10,000,000 (effective 2024-04-24).","evidence_excerpt":"d in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 1, 2024, Applied Digital Corporation, a Nevada corporation (the “Company”) entered into a Prepaid Advance Agreement (the “PPA”) dated March 27, 2024, with YA II PN, LTD., a Cayman Islands exempt limited partnership (the “Investor”). In accordance with the terms of the PPA, the Investor agreed to advance up to $50 million to the Company pursuant to two convertible unsecured promissory notes (the “Promissory Notes”), which are convertible into shares of the Company’s Common Stock, par value $0.001, per share (the “Common Shares”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001144879-24-000097","anchor_url":"https://secwatch.observer/filing/0001144879-24-000097#claim-56b956c30e73b0ed80f108728dedfb6da860ff49","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000097/0001144879-24-000097-index.htm"},{"fact_type":"material_agreement","fact_key":"773da4a5a7a34da9c927132e52ff05ffcf9ef395","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2024-04-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Prepaid Advance Agreement","agreement_type":"credit_facility","counterparty":"YA II PN, LTD.","effective_date":"2024-03-27","item_codes_triggered":["1.01"],"value_text":"$50,000,000"},"claim":"Applied Digital Corp. entered into Prepaid Advance Agreement with YA II PN, LTD. valued at $50,000,000 (effective 2024-03-27).","evidence_excerpt":"As previously reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 1, 2024, Applied Digital Corporation, a Nevada corporation (the “Company”) entered into a Prepaid Advance Agreement (the “PPA”) dated March 27, 2024, with YA II PN, LTD., a Cayman Islands exempt limited partnership (the “Investor”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001144879-24-000097","anchor_url":"https://secwatch.observer/filing/0001144879-24-000097#claim-773da4a5a7a34da9c927132e52ff05ffcf9ef395","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000097/0001144879-24-000097-index.htm"},{"fact_type":"material_agreement","fact_key":"035a8037801f7e7bc50475887396bc458efee6e4","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2024-04-30T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"AI Amendment","agreement_type":"other","counterparty":"AI Bridge Funding LLC","effective_date":"2024-04-26","item_codes_triggered":["1.01"],"value_text":null},"claim":"Applied Digital Corp. amended AI Amendment with AI Bridge Funding LLC (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, Applied Digital Corporation (the “Company”) entered into Amendment No. 2 (the “AI Amendment”) to that certain Unsecured Promissory Note made by the Corporation on January 30, 2024 and amended on March 27, 2024 (as amended by the AI Amendment, the “AI Note”) in favor of AI Bridge Funding LLC (the “Holder”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001144879-24-000095","anchor_url":"https://secwatch.observer/filing/0001144879-24-000095#claim-035a8037801f7e7bc50475887396bc458efee6e4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000095/0001144879-24-000095-index.htm"},{"fact_type":"governance_change","fact_key":"60062ff62816c5a10bb3785008306af71aba0ef3","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2024-04-29T23:59:59+00:00","payload":{"change_type":"code_of_ethics","effective_date":"2024-04-26","item_codes_triggered":["5.05"],"summary_text":"Amended the Code of Conduct to modify, enhance, or further define activities related to maintaining a safe and fair workplace, acting in the Company’s best interest, protecting assets and information, and complying with laws."},"claim":"Applied Digital Corp.: Amended the Code of Conduct to modify, enhance, or further define activities related to maintaining a safe and fair workplace, acting in the Company’s best interest, protecting assets and information, and complying with laws (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, as a part of its periodic review of corporate governance matters, the Board of the Company approved amendments to the Company’s Code of Conduct (the “Code of Conduct”), which applies to all of the employees, officers, and directors of the Company.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001144879-24-000089","anchor_url":"https://secwatch.observer/filing/0001144879-24-000089#claim-60062ff62816c5a10bb3785008306af71aba0ef3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000089/0001144879-24-000089-index.htm"},{"fact_type":"governance_change","fact_key":"48e98a9640c106692b4d4b2a1bd1c3e1ec23ec68","cik":1144879,"ticker":"APLD","company_name":"Applied Digital Corp.","filed_at":"2024-04-29T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2024-04-26","item_codes_triggered":["5.03"],"summary_text":"Adopted Third Amended and Restated Bylaws with updates to advance notice procedures, proxy access, controlling interest provisions under Nevada law, exclusive forum selection, technical changes, and a reduction in board size from six to five upon next resignation."},"claim":"Applied Digital Corp.: Adopted Third Amended and Restated Bylaws with updates to advance notice procedures, proxy access, controlling interest provisions under Nevada law, exclusive forum selection, technical changes, and a reduction in board size from six to five upon next resignation (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, the Board of Directors (the “Board”) of Applied Digital Corporation (the “Company”) approved and adopted the Company’s Third Amended and Restated Bylaws (the “Third Amended and Restated Bylaws”), which became effective the same day.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001144879-24-000089","anchor_url":"https://secwatch.observer/filing/0001144879-24-000089#claim-48e98a9640c106692b4d4b2a1bd1c3e1ec23ec68","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000089/0001144879-24-000089-index.htm"}]}