Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes Offering
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
DALLAS, Nov. 04, 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 applications, today completed its previously announced offering of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $450 million, which includes $75 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes granted to the initial purchasers, which the Initial Purchasers exercised in full on October 31, 2024. In conjunction with the issuance of the Convertible Notes, the Company entered into capped call transactions with a cap price of $14.72 (rep
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News
- 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
- Applied Digital Co. (NASDAQ: APLD) had its price target raised by analysts at HC Wainwright from $5.00 to $10.00. They now have a "buy" rating on the stock.MarketBeat
APLD
Earnings
- 10/9/24 - Beat
APLD
Sec Filings
- 11/21/24 - Form 4/A
- 11/21/24 - Form 8-K
- 11/19/24 - Form 4
- APLD's page on the SEC website