Applied Digital Corporation

NASDAQ:APLD  
1.89
-0.02 (-1.05%)
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Products, Mergers / Acquisitions

Applied Digital Launches Independent Fund To Acquire Distressed Crypto Assets

Published: 11/21/2022 13:34 GMT
Applied Digital Corporation (APLD) - Applied Digital Launches Independent Fund to Acquire Distressed Cryptocurrency Assets.
Applied Digital Corp - Launched an Independent Fund Aimed at Acquiring Distressed Cryptocurrency Assets.
Applied Digital Corp - Fund and Any Acquired Assets Will Be Managed by a Newly Formed Entity, Highland Digital.
Applied Digital Corp - Independent Fund is Targeting Raising Capital of Up to $100 Million From Outside Investors.
Applied Digital Corp - Does Not Anticipate Issuing Any Equity to Raise Capital for Fund.
Applied Digital Corp - Fund is a 50/50 Joint Venture Between Applied Digital and Gmr Limited.