Applied Digital (APLD) Issues $53.2M Convertible Preferred Stock

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Go back to Applied Digital (APLD) Issues $53.2M Convertible Preferred Stock

Applied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center Project and Accelerate Growth

August 30, 2024 4:05 PM EDT

DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (Applied Digital or the Company), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced it has entered into a private financing arrangement with a single investor (the Investor), pursuant to which the Company has issued $53.2 million in... More