Welcome to our dedicated page for Applied Digital SEC filings (Ticker: APLD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Applied Digital Corporation (APLD) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-powered summaries that help explain key documents. Applied Digital is a Nevada-incorporated data processing and hosting company that designs, builds, and operates high-performance data centers and colocation services for AI, cloud, networking, and blockchain workloads, and its filings offer detailed insight into how it finances and governs these operations.
Investors can review Applied Digital’s Form 8-K current reports describing material events such as the completion of a $2.35 billion 9.25% senior secured notes offering due 2030 through its subsidiary APLD ComputeCo LLC, the related Indenture and covenants, and the intended use of proceeds for the ELN-02 and ELN-03 data centers at the 400 MW Polaris Forge 1 campus. Other 8-K filings outline preferred equity arrangements with Macquarie Asset Management to fund AI Factory campuses, amendments to the company’s Articles of Incorporation and preferred stock designations, and equity incentive plan changes.
Through this page, users can also locate filings that discuss Applied Digital’s financing framework for its Polaris Forge 1 and Polaris Forge 2 AI Factory campuses, including preferred equity purchase agreements, unit purchase agreements, and revolving credit facilities. Governance-related filings cover matters such as annual meeting voting results, equity plan amendments, and changes to authorized share counts.
Stock Titan enhances these filings with AI-generated summaries that highlight important terms, covenants, and risk factors, helping readers interpret lengthy documents like Indentures, preferred equity agreements, and registration-related disclosures. Users can quickly identify information about Applied Digital’s debt obligations, preferred equity structures, potential dilution from warrants or convertible securities, and other capital structure details, while still having access to the full text filed with the SEC.
Applied Digital Corporation filed an amended report detailing new lease and credit support arrangements for two Polaris Forge 1 data centers in Ellendale, North Dakota.
For its 100 MW ELN-02 facility, two data halls were shifted from the existing CoreWeave Inc. parent lease to a new lease with a CoreWeave special-purpose vehicle on substantially the same terms, with the parent lease term for those halls suspended during the SPV lease. CoreWeave Inc. provided an Unconditional Springing Guaranty for the SPV’s ELN-02 obligations and agreed to deliver a $50,000,000 letter of credit to secure the ELN-02 parent lease. For the 150 MW ELN-03 facility, CoreWeave’s lease was assigned to the same SPV, and CoreWeave Inc. issued a similar guaranty.
The company notes that refinanced indebtedness tied to these facilities received an investment grade A3 rating, compared with CoreWeave Inc.’s BB rating, and that, together with the new guarantees and letter of credit, these actions are favorable to holders of its 9.250% notes due 2030.
Applied Digital Corp: Schedule 13G/A amendment showing no Vanguard beneficial ownership. The filing states that, following an internal realignment, The Vanguard Group reports disaggregated holdings and now reports zero shares beneficially owned of Applied Digital Corp Common Stock, representing 0 shares and 0%.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026. It explains the change is an internal reporting realignment in accordance with SEC Release No. 34-39538 (January 12, 1998).
Applied Digital Corporation filed an amended current report to correct and clarify the performance stock unit (PSU) award terms for its President, Jason Zhang. The company entered into an Amended and Restated Performance Stock Unit Award Agreement on March 10, 2026, replacing the original February 6, 2026 agreement.
The correction fixes a scrivener’s error in how performance “Hurdles” are calculated. Existing Polaris Forge 1 data centers now count toward the metrics, and only certain Hurdles require contracts with investment-grade hyperscalers, while others can include contracts with any hyperscaler. Related change-in-control PSU treatment was conformed, and all other material PSU terms remain unchanged.
Applied Digital Corp. president Jason Gechen Zhang reported a tax-related share withholding rather than a market trade. On March 12, 2026, 93,037 shares of common stock at $27.48 per share were withheld to cover tax obligations tied to vesting restricted stock units, leaving him with 1,815,128 shares directly owned.
Footnotes explain this was not an actual sale or open-market transaction. They also note two outstanding restricted stock unit awards of 500,000 RSUs each, which convert into common shares on a one-for-one basis subject to multi-year vesting schedules and continued full-time employment conditions.
Applied Digital Corporation reported that its subsidiary APLD ComputeCo 2 LLC completed a private offering of $2.15 billion of 6.750% Senior Secured Notes due 2031. The notes were issued at 98% of principal and are secured obligations under an indenture with Wilmington Trust as trustee and collateral agent.
Interest is payable semi-annually each March 15 and September 15, with scheduled principal amortization beginning after the final commencement date for all datacenter leases in effect on the issue date. The issuer can optionally redeem the notes, including make-whole and equity-claw provisions, on terms set out in the indenture.
Gross offering proceeds have been placed into a segregated escrow account and are intended to fund development and construction of 200 megawatts of critical IT load at the Polaris Forge 2 AI Factory campus in Harwood, North Dakota, related project accounts, and transaction costs. The company has provided a completion guarantee to support project build-out. The compensation committee also approved a $750,000 additional bonus for the Chief Financial Officer, Saidal Mohmand, recognizing his role in completing financings for the Polaris Forge 1 and Polaris Forge 2 campuses.
Applied Digital Corporation has entered into an unconditional Guarantee in favor of The Babcock & Wilcox Company, backing all obligations of Base Electron, Inc. under a Design-Build Agreement for a power generation facility with an expected nameplate capacity of about 1.2 GW.
The Design-Build Agreement has an anticipated total contract price of approximately $2.4 billion, and the Guarantee is treated as an off-balance sheet arrangement. Applied Digital’s obligations continue until all Design-Build obligations are fully performed, though the company can terminate the Guarantee if Base Electron lists its equity on a national exchange, completes a qualifying financing of at least $50 million while current on payments to B&W, or if Applied Digital pays a termination fee of $50 million by August 1, 2026 (or $100 million thereafter).
As partial consideration, Base Electron will issue to Applied Digital 10% of its outstanding equity. Base Electron is an independent power producer formed by certain executive officers, directors and/or affiliates of Applied Digital to develop dedicated power for data center operations, including potentially serving Applied Digital under future power supply agreements. The Board, acting through its Audit Committee and disinterested directors, approved this related-party transaction.
Applied Digital Corporation, through its subsidiary APLD ComputeCo 2 LLC, has priced a $2.15 billion offering of 6.750% senior secured notes due 2031 at an issue price of 98% in a private transaction for institutional and non-U.S. investors.
Net proceeds are intended to fund development and construction of 200 megawatts of critical IT load at the Polaris Forge 2 AI Factory campus in Harwood, North Dakota, to fund designated project accounts such as a debt service reserve, and to pay related fees and expenses.
The notes will be fully and unconditionally guaranteed by current and future subsidiaries of APLD Compute 2 and secured by first-priority liens on substantially all of their assets and the equity of APLD Compute 2. Closing is expected on or around March 10, 2026, subject to market and other conditions.
Applied Digital Corporation announced that its subsidiary, APLD ComputeCo 2 LLC, intends to offer $2.15 billion aggregate principal amount of senior secured notes due 2031 in a private offering to institutional investors under Rule 144A and Regulation S.
APLD ComputeCo 2 LLC plans to use the net proceeds to fund development and construction of 200 megawatts of critical IT load at the Polaris Forge 2 AI Factory campus in Harwood, North Dakota, which is currently leased to Oracle, to fund specified project accounts such as a Debt Service Reserve Account, and to pay related fees and expenses. The notes will be fully and unconditionally guaranteed by certain existing and future subsidiaries and secured by first‑priority liens on substantially all assets of APLD Compute 2 and the guarantors, as well as equity interests in APLD Compute 2. Applied Digital will provide customary completion guarantees for the Polaris Forge 2 project.
Applied Digital Corp. Chief Operating Officer Laura Laltrello reported a tax-related share withholding connected to restricted stock unit (RSU) vesting, not an open-market trade. On January 6, 2026, 82,764 shares of common stock were withheld at 30.2700 per share to satisfy tax obligations.
Following this withholding, Laltrello directly owned 517,236 shares of common stock. Footnotes explain this stems from RSUs that immediately vested and clarify the transaction was solely for tax purposes and did not constitute an actual sale.
Applied Digital Corporation entered into a Contribution and Exchange Agreement to combine its cloud business with Ekso Bionics Holdings in a stock-for-stock transaction. Applied’s subsidiary will contribute all 1,200 outstanding shares of Applied Digital Cloud Corporation to Ekso in exchange for 138,216,820 new Ekso common shares.
After closing, Applied’s contributor entity is expected to own about 97% of the combined company, which will be renamed ChronoScale Corporation, while Ekso remains the parent entity. Closing depends on stockholder approvals, SEC-cleared disclosure documents, minimum cash and cash equivalents of at least $15,000,000 at Ekso, a concurrent PIPE financing, Nasdaq listing approval and customary conditions.
An Investor Rights Agreement will give Applied-affiliated investors the right to designate up to four of seven directors, including the chairman, while they hold a majority of voting power, with board representation and various consent and preemptive rights stepping down as their ownership falls below 25%, 10% and 30% thresholds. The companies currently expect closing in the second quarter of 2026, though completion is not assured.