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-0.0787623066104078 -0.0436005625879043 -0.00140646976090011 0.0168776371308017 -0.0225035161744023 -0.00140646976090011 -0.0225035161744023 -0.0239099859353024
Stock impact report

Applied Digital Corporation Announces Proposed Private Offering of $300 Million of Convertible Notes

Applied Digital Corporation (APLD) 
Company Research Source: GlobeNewswire
DALLAS, Oct. 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 that it intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of convertible senior notes due 2030 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also expects to grant the initial purchasers of the Convertible Notes an option to purchase, for settlement within a 13-day period beginning on, and including the date on which the Convertible Notes are first issued, up to an additional $45 million aggregate principal amount of the Convertible Notes. The offering is subject to market and other Show less Read more
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