secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001641172-25-013087
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital classifies Cloud Services Business as held for sale, pro forma shows improved continuing ops net loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000164117225013087/0001641172-25-013087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000164117225013087/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-013087

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