Applied Digital Announces $160 Million Strategic Financing, Fueling Transformative Accelerated Compute and AI Infrastructure
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
DALLAS, Sept. 05, 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 that it has entered into definitive agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors, NVIDIA and Related Companies, the most prominent privately-owned real estate company and leader in complex infrastructure and data center development. This strategic financing underscores Applied Digital's position as a trusted pioneer in the accelerated compute space. With this added capital, Applied Digital is further strengthening its financial position to bring its transformative data center and GPU cloud solutions to market at scale. These solutions — supported by the company’s deep bench of hyperscale talent, specialized access to a robust
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News
- Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes OfferingGlobeNewswire
- Applied Digital Co. (NASDAQ: APLD) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $11.00 price target on the stock.MarketBeat
- Applied Digital Corporation Announces Upsize and Pricing of $375 Million of Convertible Notes OfferingGlobeNewswire
- Applied Digital Corporation Announces Proposed Private Offering of $300 Million of Convertible NotesGlobeNewswire
- Applied Digital Co. (NASDAQ: APLD) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $11.00 price target on the stock.MarketBeat
APLD
Earnings
- 10/9/24 - Beat
APLD
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form S-1/A
- 11/21/24 - Form 4/A
- APLD's page on the SEC website