secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001144879-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital reports Q2 revenue up 51% YoY to $63.9M; enters $5B preferred equity facility with Macquarie
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- Revenue $63.9M (+51% YoY); net loss $138.7M includes $87.2M loss on change in fair value of debt.
- Adjusted EBITDA $21.4M (+93% YoY); adjusted net loss per diluted share $0.06.
- Entered $5B perpetual preferred equity financing with Macquarie Asset Management for HPC business.
- Macquarie to invest up to $900M in Ellendale HPC campus; Applied Digital retains 85% ownership.
- Completed $450M 2.75% convertible notes offering; $84M used for share repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000114487925000005/0001144879-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000114487925000005/apld-20250114.htm
  HTML page:      https://secwatch.observer/filing/0001144879-25-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer