Shares of Applied Digital Corporation (NASDAQ:APLD) are trading significantly higher Thursday following the announcement of a $160 million private placement financing deal. This strategic move, involving a group of institutional and accredited investors, notably includes NVIDIA Inc. (NASDAQ:NVDA) and Related Companies.
Why Are The Shares Moving?
The sharp increase in Applied Digital's stock price can be attributed to the following key developments:
Private Placement Financing: Applied Digital announced that it has secured $160 million through a private placement of its common stock. This financing was priced at the market value, with the company agreeing to issue approximately 49.38 million shares at a price of $3.24 per share.
Major Investors: The financing round includes significant backing from NVIDIA, a leader in AI chip technology, and Related Companies, a prominent real estate and infrastructure firm. Their investment provides a strong endorsement of Applied Digital's business strategy and growth potential.
AI and Cloud Expansion: The funds will help Applied Digital expand its data-center and cloud-computing operations, specifically in AI-driven infrastructure. The company plans to utilize NVIDIA chips for its AI cloud solutions, which positions it well in the rapidly growing AI and high-performance computing (HPC) sectors.
Key Highlights of the Deal
The private placement deal involves issuing 49.38 million shares at a price of $3.24 per share, raising a total of $160 million.
Applied Digital will use the proceeds to fund data-center expansion and AI cloud infrastructure development, further solidifying its presence in the AI and HPC industries.
The company is working on a major data-center project in North Dakota and expanding its cloud-computing operations.
APLD Price Action: Applied Digital Corporation shares were up by 62.7% at $5.25 according to Benzinga Pro.
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Applied Digital Corporationの株式(NASDAQ:APLD)は、ノーティスエヌビディア株式会社(NASDAQ:NVDA)とリエイテッドカンパニーズを含む一団の機関投資家および認定投資家が関与した16000万ドルの非公募発行ファイナンス契約の発表を受けて、木曜日に大幅に上昇している。
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。