Applied Digital Corporation

APLD

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Lead Plaintiff Deadline:
October 11, 2023

Days Left:
-140

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Applied Digital Corporation Form












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Allegations

The filed complaint alleges that defendants made false statements and/or concealed that: (i) Applied Digital had overstated the profitability of its datacenter hosting business and its ability to successfully transition into a low-cost AI Cloud services provider; (ii) Applied Digital’s Board of Directors was not independent within the meaning of NASDAQ listing rules; (iii) accordingly, Applied Digital had overstated the efficacy of its business model and failed to maintain proper corporate governance standards; (iv) the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Applied Digital purchased or acquired during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Applied Digital during the relevant time frame, you have until October 11, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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