---
schema_version: "secwatch.filing_event.v1"
accession: "0001144879-23-000167"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T16:53:20.739522+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001144879-23-000167
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000114487923000167/0001144879-23-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000114487923000167/apld-20230626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144879-23-000167
- JSON: https://secwatch.observer/filing/0001144879-23-000167.json
- Plain text: https://secwatch.observer/filing/0001144879-23-000167.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487923000167/0001144879-23-000167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.