In a regulatory filing last night, Applied Digital disclosed that on June 26 the company entered into an At Market Issuance sales agreement with Craig-Hallum Capital, pursuant to which the company may offer and sell, from time to time, through the sales agent, up to $125M of shares of its common stock. The shares of common stock will be issued pursuant to the company’s effective shelf registration statement on Form S-3, filed with the Securities and Exchange Commission on May 17, and declared effective by the SEC on June 5, the filing stated.
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