---
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"
generated_at: "2026-06-02T21:45:34.184230+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144879-24-000106
- JSON: https://secwatch.observer/filing/0001144879-24-000106.json
- Plain text: https://secwatch.observer/filing/0001144879-24-000106.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000106/0001144879-24-000106-index.htm

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