Applied Blockchain Inc (APLD)

[KingsKnight]

Thanks StockHob
Sorry, I don't have PM, but this info you sent me was quite informative as a forward view, think it is informative for the board as well...Thanks!!

StockHobit Member Level
Tuesday, August 31, 2021 11:06:36 AM
Hey kings... Once the S1 goes into effect....

Page 61 of the S1
"Upon completion of this offering, 526,281,452 shares of our common stock will be outstanding. We currently have 7,703,873 shares of common stock outstanding that are unrestricted and may be readily sold by the various holders thereof. After effectiveness of this registration statement, 213,567,688 will be freely transferable without restriction or further registration under the Securities Act, except for any shares purchased by our “affiliates,” as that term is defined in Rule 144 under the Securities Act. The remaining 320,381,519 shares of our common stock outstanding are “restricted shares” as defined in Rule 144. Restricted shares may be sold in the public market only if registered under the Securities Act or if they qualify for an exemption from registration under Rule 144."