{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-24-000106","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.460264+00:00","generated_at":"2026-06-02T21:45:34.184230+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Applied Digital enters $25M at-the-market equity facility with Roth Capital","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-24-000106","json":"https://secwatch.observer/filing/0001144879-24-000106.json","markdown":"https://secwatch.observer/filing/0001144879-24-000106.md","text":"https://secwatch.observer/filing/0001144879-24-000106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000106/0001144879-24-000106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000106/apld-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:45:34.184230+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cae3f4db4d5f2b839173aa868cc7a8bad8ee1c83","claim":"Applied Digital Corp. entered into Sales Agreement with Roth Capital Partners, LLC valued at $25,000,000 (effective 2024-05-06).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000106/0001144879-24-000106-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Roth Capital Partners, LLC"},{"label":"Value","value":"$25,000,000"},{"label":"Effective","value":"2024-05-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}