Applied Digital Corp. (APLD)
CIK 1144879 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 291.5M shares as of Jul 28, 2026 (10-K).
Cash runway
Self-funding
generates cash
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Building4 Warrant | 8.4M | $10.75 | — | FV $121.2M |
| Additional Warrants | 7.9M | $4.11 | — | — |
| PEAK6 Warrant | 6.5M | not tagged | — | — |
| Jane Street CW Warrant | 6.5M | not tagged | — | — |
| AI Warrants | 3.0M | not tagged | 5y | — |
| BW Warrants | 2.6M | not tagged | — | — |
| MAM Warrants | 2.4M | $8.29 | — | FV $58.7M |
| AI Warrants One | 1.5M | $10 | — | — |
| AI Warrants Two | 1.5M | $7.5 | — | — |
| Macquarie Warrants | 1.0M | not tagged | — | — |
| STB Warrant | 800,000 | $7.83 | 5y | — |
| Core Weave Warrant | 300 | $7.19 | 10y | — |
Tranches exactly as the company dimensioned them in its 10-K filed Jul 29, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Convertible Notes | not tagged | $450.0M | not tagged | 2.75% | — |
Notes exactly as the company dimensioned them in its 10-K filed Jul 29, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 291.5M | Jul 28, 2026 |
| + Building4 Warrant (if exercised) | 8.4M | Aug 28, 2025 |
| + Additional Warrants (if exercised) | 7.9M | Nov 4, 2025 |
| + PEAK6 Warrant (if exercised) | 6.5M | Jun 9, 2025 |
| + Jane Street CW Warrant (if exercised) | 6.5M | Jun 9, 2025 |
| + AI Warrants (if exercised) | 3.0M | May 31, 2024 |
| + BW Warrants (if exercised) | 2.6M | Mar 18, 2026 |
| + MAM Warrants (if exercised) | 2.4M | Oct 6, 2025 |
| + AI Warrants One (if exercised) | 1.5M | May 31, 2026 |
| + AI Warrants Two (if exercised) | 1.5M | May 31, 2026 |
| + Macquarie Warrants (if exercised) | 1.0M | Nov 27, 2024 |
| + STB Warrant (if exercised) | 800,000 | May 31, 2026 |
| + Core Weave Warrant (if exercised) | 300 | May 31, 2026 |
| Fully diluted estimate | 333.7M | +14.5% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $304.1Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 6 executed · 3 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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