Oasis Management Amends Applied Digital Stake Filing

Ticker: APLD · Form: SC 13D/A · Filed: Jul 16, 2024 · CIK: 1144879

Sentiment: neutral

Topics: 13D-filing, ownership-change, amendment

Related Tickers: APLD

TL;DR

Oasis Management updated its 13D on $APLD - watch for changes.

AI Summary

Oasis Management Co Ltd. has filed an amendment to its Schedule 13D, indicating a change in its beneficial ownership of Applied Digital Corp. as of July 16, 2024. The filing details Oasis Management's holdings and intentions regarding the company's securities.

Why It Matters

This filing signals a potential shift in major shareholder influence or strategy for Applied Digital Corp., which could impact its stock performance and corporate direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing uncertainty.

Key Players & Entities

FAQ

What is the primary purpose of this SC 13D/A filing?

The filing is an amendment to a Schedule 13D, indicating a change in the beneficial ownership of Applied Digital Corp. by Oasis Management Co Ltd.

Who is the filing entity and what company is the subject of the filing?

The filing entity is Oasis Management Co Ltd., and the subject company is Applied Digital Corp.

When was the change in beneficial ownership reported?

The filing was made as of date 20240716, with the date of change also being 20240716.

What were previous names of Applied Digital Corp. mentioned in the filing?

Applied Digital Corp. was formerly known as Applied Blockchain, Inc. (name change on 20210423), Applied Science Products, Inc. (name change on 20110118), and FLIGHT SAFETY TECHNOLOGIES INC (name change on 20020926).

What were previous names of Oasis Management Co Ltd. mentioned in the filing?

Oasis Management Co Ltd. was formerly known as DKR OASIS MANAGEMENT COMPANY, L.P. (name change on 20090223) and DKR OASIS MANAGEMENT CO L.P. (name change on 20050215).

Filing Stats: 1,183 words · 5 min read · ~4 pages · Grade level 12.8 · Accepted 2024-07-16 17:00:11

Key Financial Figures

Filing Documents

of the Schedule 13D is hereby amended and supplemented as follows

Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Due solely to changes in the outstanding shares of Common Stock of the Issuer, the Reporting Persons no longer beneficially own more than 5% of the Issuer's shares of Common Stock and the Reporting Persons are voluntarily exiting the reporting system. This Amendment No. 1 is being filed solely as a result of such change. Item 5. INTEREST IN SECURITIES OF THE ISSUER. Items 5(a), (b), and (e) of the Schedule 13D are hereby amended and restated as follows: (a) See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of shares of Common Stock and percentages of the Common Stock beneficially owned by each of the Reporting Persons. The percentages used in this Schedule 13D/A are calculated based upon 146,552,678 shares of Common Stock outstanding as of July 1, 2024, as reported in the Issuer's Prospective Statement on Form 424B5 filed with the Securities and Exchange Commission on July 9, 2024. (b) See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (e) July 1, 2024. CUSIP No. 038169207 SCHEDULE 13D/A Page 6 of 6 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: July 16, 2024 Oasis Management CoMPANY Ltd. By: /s/ Phillip Meyer Name: Phillip Meyer Title: General Counsel Oasis Investments II Master Fund Ltd. By: s/ Phillip Meyer Name: Phillip Meyer Title: Director /s/ Seth Fischer SETH FISCHER

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