Applied Digital enters $125M at-the-market equity offering with Craig-Hallum

Applied Digital Corp.

Up to $125M of common stock may be sold at market through Craig-Hallum Capital Group.
Sales Agent compensation: 3.0% of gross proceeds; 5.0% for block trades over $10M.
Shares issued under effective S-3 registration statement (File No. 333-272023).
Company is not obligated to sell any shares under the Sales Agreement.
Prospectus supplement filed June 26, 2023; proceeds for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Applied Digital Corp. entered into Sales Agreement with Craig-Hallum Capital Group LLC. valued at up to $125,000,000 (effective 2023-06-26).

Action: entry
Agreement: atm program
Counterparty: Craig-Hallum Capital Group LLC.
Value: up to $125,000,000
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, Applied Digital Corporation (the “Company”) entered into an At Market Issuance Sales Agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC. (the “Sales Agent”), pursuant to which the Company may offer and sell, from time to time, through the Sales Agent, up to $125,000,000 of shares of its common stock, par value $0.001 per share (the “Common Stock”).

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33 material agreements filed in the last 30 days. Browse all material agreements →

Applied Digital Corp. filing history →

Source: SEC EDGAR

accession 0001144879-23-000167

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