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- Applied Digital (NASDAQ:APLD) filed an automatic mixed securities shelf registration, providing the company with significant flexibility to issue a variety of securities—including common stock, preferred stock, debt securities, and warrants—over time as market conditions allow.
- The company also announced a secondary offering to sell 39.71 million shares of its common stock on behalf of existing holders.
- The previous day, its stock price witnessed an ~48% surge in price as it secured two 15-year lease agreements with the artificial intelligence hyperscaler CoreWeave (CRWV).
- The stock price traded 4% higher on Tuesday during pre-market hours of trading.
More on Applied Digital
- Applied Digital: This $10 AI Stock Just Got A $7 Billion Revenue Infusion, But Still A Sell
- Applied Digital: 5 Reasons For Why It Is Time To Sell
- Applied Digital: 3 Reasons We Think Now Is The Time To Buy
- Biggest stock movers Tuesday: CRDO, BMBL, and more
- Applied Digital expects $7B in revenue from new lease deal with CoreWeave