{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-013087","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.646000+00:00","generated_at":"2026-05-20T04:03:52.747634+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Applied Digital classifies Cloud Services Business as held for sale, pro forma shows improved continuing ops net loss","bullets":["Board approved sale negotiation Feb 2025; segment held for sale as of April 10, 2025.","Pro forma nine months Feb 2025: removes $71.3M revenue and $55.4M discontinued ops net loss.","Pro forma FY2024: continuing ops net loss improves from -$149.7M to -$74.4M, removing $75.3M loss.","Company to report Cloud Services as discontinued operations starting Q4 FY2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-013087","json":"https://secwatch.observer/filing/0001641172-25-013087.json","markdown":"https://secwatch.observer/filing/0001641172-25-013087.md","text":"https://secwatch.observer/filing/0001641172-25-013087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000164117225013087/0001641172-25-013087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000164117225013087/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T04:03:52.747634+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}