Applied Digital Corporation entered into definitive agreements for issuance of 49,382,720 common shares at a price of $3.24 per share for gross proceeds of $160,000,012.8 on September 5, 2024. The transaction included participation from a group of institutional and accredited investors. The closing of the private placement is subject to customary closing conditions.
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- Applied Digital Corporation announced that it expects to receive $160.000013 million in funding