Applied Blockchain (APLD) Closes 8M Share IPO

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Go back to Applied Blockchain (APLD) Closes 8M Share IPO

Applied Blockchain, Inc. Announces Closing of Initial Public Offering

April 18, 2022 4:30 PM EDT

DALLAS, April 18, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (NASDAQ: APLD) (Applied or the Company) announced today the completion of its initial public offering of 8,000,000 shares of its common stock at $5.00 per share. The shares of common stock began trading on the Nasdaq Global Select Market on April 13, 2022, under the ticker symbol APLD. In addition, Applied granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less underwriting discounts and commissions.

The net proceeds received by Applied from the offering (after deducting underwriting discounts and... More