Applied Digital Corp. Files 8-K with Material Agreement

TL;DR

Applied Digital Corp. (APLD) filed an 8-K on Oct 3, 2025, detailing a material agreement and equity sales. Watch for updates.

AI Summary

On October 3, 2025, Applied Digital Corp. entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and other events, including financial statements and exhibits. This filing follows a name change from Applied Blockchain, Inc. on April 23, 2021.

Why It Matters

This 8-K filing indicates significant corporate activity, including a material definitive agreement and equity sales, which could impact the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered equity sales, which can introduce financial and operational risks.

Key Players & Entities

• Applied Digital Corp. (company) — Registrant
• October 3, 2025 (date) — Date of earliest event reported
• Applied Blockchain, Inc. (company) — Former company name
• 20210423 (date) — Date of name change

FAQ

Key Financial Figures

• $1,000 — nits") at a price per Preferred Unit of $1,000, for an aggregate purchase price of $11
• $112.5 m — 000, for an aggregate purchase price of $112.5 million, and for no additional considerat
• $337.5 million — r has the right to invest an additional $337.5 million to fund the development of additional p
• $168.75 million — the Polaris Forge 1, in two tranches of $168.75 million each, following the Subsidiary Issuer's
• $112.5 million — A&R UPA, which, when combined with the $112.5 million funded at the Initial Closing, comprise
• $450 million — mprises a total potential investment of $450 million. The Company, through its subsidiaries,
• $990 million — ect of the Polaris Forge 1 in excess of $990 million as of September 30, 2025. From the In
• $2.25 million — o invest in such project at the rate of $2.25 million per MW of capacity, up to an aggregate
• $4.55 billion — r MW of capacity, up to an aggregate of $4.55 billion across all such projects, for a total i
• $5.0 billion — ent inclusive of the Polaris Forge 1 of $5.0 billion. APLD Holdings will be required to fund
• $750,000 — r the applicable project at the rate of $750,000 per MW of capacity (less any equity cap
• $625,000 — laris Forge 1 at the investment rate of $625,000 per MW of capacity of the Polaris Forge
• $250 million — invested, not to exceed an aggregate of $250 million. If fully funded, this would bring the
• $700 million — 's investment in the Polaris Forge 1 to $700 million. With respect to each such incremental
• $0.001 — f the Company's common stock, par value $0.001 per share (the "Common Shares") at the

Filing Documents

• form8-k.htm (8-K) — 82KB
• ex4-1.htm (EX-4.1) — 125KB
• ex10-1.htm (EX-10.1) — 669KB
• ex10-2.htm (EX-10.2) — 634KB
• ex10-3.htm (EX-10.3) — 173KB
• ex99-1.htm (EX-99.1) — 18KB
• ex99-1_001.jpg (GRAPHIC) — 5KB
• 0001493152-25-017609.txt ( ) — 2168KB
• apld-20251003.xsd (EX-101.SCH) — 3KB
• apld-20251003_lab.xml (EX-101.LAB) — 33KB
• apld-20251003_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. APPLIED DIGITAL CORPORATION Date: October 9, 2025 By: /s/ Saidal L. Mohmand Name: Saidal L. Mohmand Title: Chief Financial Officer