Form 8-K/A

8-K/A — Applied Digital Corp.

Accession: 0001493152-26-028993

Filed: 2026-06-17

Period: 2026-03-10

CIK: 0001144879

SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)

Item: Entry into a Material Definitive Agreement

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UNITED

STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM

8-K/A

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

March 10, 2026

(Date of earliest event reported)

APPLIED

DIGITAL CORPORATION

(Exact

name of registrant as specified in its charter)

Nevada

001-31968

95-4863690

(State

or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS

Employer

Identification No.)

3811

Turtle Creek Boulevard, Suite 2100, Dallas, Texas

75219

(Address

of principal executive offices)

(Zip

Code)

214-427-1704

(Registrant’s

telephone number, including area code)

N/A

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐

Emerging growth company

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered

pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock

APLD

Nasdaq

Global Select Market

EXPLANATORY

NOTE

This

Current Report on Form 8-K/A amends the Current Report on Form 8-K filed by Applied Digital Corporation, a Nevada corporation (the “Company,”

“us”) with the Securities and Exchange Commission (the “SEC”) on March 10, 2026 (the “Original 8-K”)

to disclose satisfaction of the ESA Condition with respect to the 6.75% Senior Secured Notes due 2031 (the “notes”)

described therein. Capitalized terms used but not defined herein shall have the same meaning assigned to them in the Original 8-K or

the Escrow Agreement, as applicable.

Item

1.01 Entry into a Material Definitive Agreement.

Satisfaction

of Escrow Arrangements and Release of Funds

previously reported, on March 10, 2026, APLD ComputeCo 2 LLC, a subsidiary of the Company (the “Issuer”), completed its private

offering of the notes, the material terms of which are described in the Original 8-K. Pursuant to the Escrow Agreement, the Issuer deposited

an amount in cash equal to the gross proceeds from the offering of the notes into the Escrow Account until the satisfaction of the ESA

Condition and occurrence of certain events described therein.

June 17, 2026, having satisfied the ESA Condition, the Issuer executed and delivered to the Escrow Agent an Escrow Release Certificate

to direct the Escrow Agent to release the funds in the Escrow Account to the Issuer and apply such funds in accordance with the Escrow

Agreement and the Indenture.

Forward-Looking

Statements

in this Current Report on Form 8-K/A about future expectations, plans, and prospects, as well as any other statements regarding matters

that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation

Reform Act of 1995. These statements include, but are not limited to, the anticipated use of any proceeds from the offering, and the

terms of the notes. The words “anticipate,” “believe,” “continue,” “could,” “estimate,”

“expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,”

“should,” “target,” “will,” “would,” and similar expressions are intended to identify

forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially

from those indicated by such forward-looking statements as a result of various important factors, including uncertainties related to

market conditions, the other factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form

10-K filed with the SEC on July 30, 2025 and the risks described in other filings that the Company may make from time to time with the

SEC. Any forward-looking statements contained in this Current Report on Form 8-K speak only as of the date hereof, and the Company specifically

disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise,

except to the extent required by applicable law.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

APPLIED

DIGITAL CORPORATION

Date:

June

17, 2026

By:

/s/

Saidal L. Mohmand

Name:

Saidal

L. Mohmand

Title:

Chief

Financial Officer

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Mar. 10, 2026

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Amendment Description

This

Current Report on Form 8-K/A amends the Current Report on Form 8-K filed by Applied Digital Corporation, a Nevada corporation (the “Company,”

“us”) with the Securities and Exchange Commission (the “SEC”) on March 10, 2026 (the “Original 8-K”)

to disclose satisfaction of the ESA Condition with respect to the 6.75% Senior Secured Notes due 2031 (the “notes”)

described therein. Capitalized terms used but not defined herein shall have the same meaning assigned to them in the Original 8-K or

the Escrow Agreement, as applicable.

Document Period End Date

Mar. 10, 2026

Entity File Number

001-31968

Entity Registrant Name

APPLIED

DIGITAL CORPORATION

Entity Central Index Key

0001144879

Entity Tax Identification Number

95-4863690

Entity Incorporation, State or Country Code

Entity Address, Address Line One

3811

Turtle Creek Boulevard

Entity Address, Address Line Two

Suite 2100

Entity Address, City or Town

Dallas

Entity Address, State or Province

Entity Address, Postal Zip Code

75219

City Area Code

214

Local Phone Number

427-1704

Written Communications

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Pre-commencement Tender Offer

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Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common

Stock

Trading Symbol

APLD

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

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