DALLAS, Sept. 19, 2022 (GLOBE NEWSWIRE) — Applied Blockchain, Inc. (Nasdaq: APLD) (“Applied Blockchain” or the “Company”), a designer, builder and operator of next-generation data centers that power blockchain infrastructure and support High-Performance Computing (HPC) applications, announced that on September 16, 2022, it filed a registration statement on Form S-1 to register approx. 48.3 million existing shares of Applied Blockchain stock that are currently unregistered. The registration statement does not include the registration of new shares of Applied Blockchain stock.
The majority of these shares are owned by insiders and partners of Applied Blockchain. These shares were set to become available for sale beginning on December 1, 2022 pursuant to Rule 144 under the Securities Act of 1933, as amended, and after the SEC declares the Form S-1 effective, they will be eligible to be sold pursuant to a public registration statement.
The registration statement on Form S-1 has been filed with the SEC but is not yet effective. These securities cannot be sold, nor can offers to buy be accepted, until the time the S-1 form becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities proposed to be registered on Form S-1, nor shall there be any sale of such securities in any state where such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such state. Any offer of securities will be made exclusively by means of the prospectus included in Form S-1 and any supplements thereto. When available, copies of the prospectus relating to the proposed offering may be obtained from the SEC’s website at www.sec.gov or from: Applied Blockchain, Inc., 3811 Turtle Creek Blvd., Suite 2100, Dallas, TX 75219, or by calling 214- 427-1704.
About Applied Blockchain
Applied Blockchain, Inc. (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America to provide affordable digital infrastructure solutions to the rapidly growing high-performance computing (HPC) industry. The company has partnered with the most recognized names in the industry to develop, distribute and scale the business. Find more information at www.appliedblockchaininc.com. Follow us on Twitter at @APLDBlockchain.
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Gateway Group, Inc.
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Brenlyn Motlagh
Gateway Group, Inc.
(949) 899-3135
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