Applied Digital enters $25M at-the-market equity facility with Roth Capital

Applied Digital Corp.

May sell up to $25M of common stock at market prices on Nasdaq via Roth Capital Partners.
Agent receives 3.0% commission on gross proceeds from any sales.
Company not obligated to sell any shares; sales depend on market conditions and instructions.
Shares issued under existing shelf registration statement (File No. 333-272023) effective June 5, 2023.
Agreement contains customary representations, warranties, and indemnification provisions.

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 Roth Capital Partners, LLC valued at $25,000,000 (effective 2024-05-06).

Action: entry
Agreement: atm program
Counterparty: Roth Capital Partners, LLC
Value: $25,000,000
Effective: 2024-05-06

Exact text from the filing

On May 6, 2024, Applied Digital Corporation (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC (the “Agent”), pursuant to which the Company may offer and sell, from time to time, through the Agent, up to $25,000,000 of shares of its common stock, par value $0.001 per share (the “Common Stock”).

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Applied Digital Corp. filing history →

Source: SEC EDGAR

accession 0001144879-24-000106

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