Applied Digital announces resale of warrants

seekingalpha

2024-10-23

Applied Digital (NASDAQ:APLD) has filed a prospectus with the SEC related to the resale of warrants by a selling stockholder.
The warrants, to purchase up to 2,964,917 company shares, are immediately exercisable at $4.8005 a share. This prospectus also relates to the resale by the selling stockholder of up to 2,964,917 warrant share.
The company will not receive any proceeds from the resale.
The shares of the information technology firm were down 5% on Wednesday.
Source: Form S-1

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