Applied Blockchain Announces Expiration of Share Lock-Up
June 13 2022 - 3:45PM
Applied Blockchain, Inc. (Nasdaq:
APLD) ("Applied Blockchain" or the
"Company") today announced the expiration of a share
lock-up agreement. In connection with the Company’s initial public
offering, on April 12, 2022, 2,040,000 shares of previously
existing Applied Blockchain preferred stock were converted into
36,441,489 shares of the Company’s common stock (after giving
effect to a one-for-six reverse stock split). The converted stock
was restricted from sale until June 11, 2022, after which the
shares became freely tradeable pursuant to an effective
Registration Statement on Form S-1 (Reg. No. 333-258818).
About Applied BlockchainApplied
Blockchain, Inc. (Nasdaq: APLD) is a builder and operator of
next-generation data centers across North America, which provide
substantial compute power to blockchain infrastructure and support
Bitcoin mining. The Company has partnered with some of the most
recognized names in the industry to develop, deploy, and scale its
business. Find more information at www.appliedblockchaininc.com.
Follow us on Twitter at @APLDBlockchain.
Investor Relations ContactsMatt Glover or Jeff
Grampp, CFAGateway Group, Inc.(949) 574-3860APLD@gatewayir.com
Media ContactCatherine Adcock Gateway Group,
Inc.(949) 574-3860APLD@gatewayir.com
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