Applied Digital announces resale of warrants

seekingalpha
23 Oct 2024
  • 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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