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Thursday, January 27, 2022 6:14:49 PM
Could this be the main culprit for all the bailing here??
" Proposed Listing:
We intend to apply to list our common stock on the Nasdaq Global Select Market under the symbol “APLD.” We cannot guarantee that we will be successful in listing our common stock on the Nasdaq Global Select Market.
The number of shares of our common stock that will be outstanding after this offering set forth above is based on 54,763,534 shares of common stock outstanding as of January 19, 2022, and includes the following:
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22,434,852 shares of our common stock issuable upon the automatic conversion of our Series C Preferred Stock and PIK Dividends thereon to be accrued through the date on which the SEC declares the SEC our other registration statement on Form S-1 (Registration No. 333-258818), or the Resale Registration Statement, and the issuance of additional shares of common stock equal to the number of shares of common stock that would have been issued had the PIK Dividends continued to accrue after the effective date of our Resale Registration Statement through February 13, 2022.
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13,326,349 shares of our common stock issuable upon the automatic conversion of our Series D Preferred Stock and PIK Dividends thereon to be accrued through the effective date of our Resale Registration Statement, and the issuance of additional shares of common stock equal to the number of shares of common stock that would have been issued had the PIK Dividends continued to accrue after the effective date of our Resale Registration Statement through February 13, 2022.
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Unless specifically stated otherwise, all information in this prospectus assumes no exercise by the underwriter of their options to purchase additional shares of common stock to cover over-allotments, if any.
Reverse Stock Split
We will effect a one-for-six reverse stock split simultaneously with our listing on the Nasdaq Global Select Market pursuant to which holders of our issued and outstanding common stock immediately prior to listing our common stock on Nasdaq Global Select Market will have every six shares of common stock reclassified as one share of common stock. No fractional shares will be issued. We refer to this as the “Reverse Stock Split.”
Unless otherwise indicated, and other than in the consolidated historical financial statements and related notes included elsewhere in this prospectus, the number of shares of our common stock represented in this prospectus is adjusted to reflect the Reverse Stock Split.
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Hmmm This is interesting as well:
DESCRIPTION OF CAPITAL STOCK
The following descriptions are summaries of the material terms of our Articles and our Bylaws. Reference is made to the more detailed provisions of, and the descriptions are qualified in their entirety by reference to, our Articles and Bylaws, forms of which are filed with the SEC as exhibits to the registration statement of which this prospectus is a part, and applicable law.
We will effect a one-for-six reverse stock split simultaneously with our listing on the Nasdaq Global Select Market pursuant to which holders of our issued and outstanding common stock immediately prior to listing our common stock on Nasdaq Global Select Market will have every six shares of common stock reclassified as one share of common stock. No fractional shares will be issued. We refer to this as the “Reverse Stock Split”.
General
We are authorized to issue 1,005,000,000 shares of capital stock, $0.001 par value per share, of which 1,000,000,000 are designated as common stock and 5,000,000 are designated as preferred stock.
Common Stock
As of January 19, 2022, there are an aggregate of 54,763,534 shares of our shares of common stock issued and outstanding. ]22,434,852 shares of our common stock are reserved for issuance upon the conversion of our issued and outstanding Series C Preferred Stock, paid-in-kind dividends to be accrued thereon through the effective date of our Resale Registration Statement and shares of common stock we agreed to issue equal to the number of shares of common stock that would have been issued had the paid-in-kind dividends continued after the effective date of our Resale Registration Statement through February 13, 2022 and 13,326,349 shares of our common stock are reserved for issuance upon conversion of our issued and outstanding Series D Preferred Stock, paid-in-kind dividends to be accrued thereon through the effective date of our Resale Registration Statement and shares of common stock we agreed to issue equal to the number of shares of common stock that would have been issued had the paid-in-kind dividends continued after the effective date of our Resale Registration Statement through February 13, 2022.
Recent APLD News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/17/2024 11:15:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 08:39:19 PM
- Form 424B8 - Prospectus filed pursuant to Rule 424(b)(8) • Edgar (US Regulatory) • 06/17/2024 08:35:14 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 06/17/2024 08:33:20 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/13/2024 09:22:22 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/13/2024 04:15:07 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 08:05:30 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 06/10/2024 11:09:41 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 12:26:41 PM
- Applied Digital Secures Private Debt Facility of up to $200 million to Accelerate HPC Data Center Project in Ellendale, North Dakota • GlobeNewswire Inc. • 06/07/2024 12:21:08 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 06/06/2024 04:48:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 09:19:13 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 05/31/2024 08:39:18 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 05/31/2024 03:33:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:22:00 PM
- Applied Digital Issues Unsecured Convertible Debenture to Advance HPC Data Center Project in Ellendale, North Dakota • GlobeNewswire Inc. • 05/24/2024 08:13:45 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 05/21/2024 08:22:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:18:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 12:03:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 12:00:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 09:07:36 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 05/10/2024 09:11:46 PM
- Applied Digital Announces Upcoming Conference Participation • GlobeNewswire Inc. • 05/08/2024 12:05:10 PM
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