Get notified when APLD files again. Create a free account and we'll email you the moment its next filing is analyzed.

Get filing alerts

Red Flags Detected

  • Material Weakness (new) — The company previously identified material weaknesses in internal control over financial reporting and may identify additional weaknesses, which could lead to financial misstatements.
  • Going Concern (new) — The filing states that certain circumstances could have a material adverse effect on the company's ability to continue as a going concern.
  • Customer Concentration (new) — The HPC Hosting Business is expected to have significant customer concentration, and the Datacenter Hosting Business accounted for approximately 87% of revenue as of February 29, 2024.
  • Litigation (new) — The company is involved in two securities lawsuits, including a class action in Texas and a derivative-style complaint in Nevada that was dismissed without prejudice but may be refiled.
NASDAQ: APLD Applied Digital Corp. 424B5

Applied Digital launches $125M at-the-market offering of common stock at $6.77/share

Filed July 9, 2024 · ~1 min read

Key Changes

  • high

    Applied Digital may sell up to $125 million of common stock from time to time through an at-the-market program, with no minimum offering amount.

    The Offering verify on EDGAR →
  • medium

    Net proceeds will fund growth capital expenditures, general corporate purposes, and working capital needs.

    Use of Proceeds verify on EDGAR →
  • high

    New investors face immediate dilution of approximately $4.88 per share based on the assumed $6.77 offering price.

    Dilution verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

Read 3 full reports/month free No card required. Takes 30 seconds.

Want to see a complete report first? Today's free report (WLTH 10-Q) is open in full — no account needed.

Partner

Trade APLD commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

Was this report useful?
View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify