DALLAS, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company"), a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, announced that on September 16, 2022 it filed a Registration Statement on Form S-1 for the registration of approximately 48.3 million existing shares of Applied Blockchain common stock that are currently unregistered. The registration statement does not include the registration of any new shares of Applied Blockchain common stock.
The majority of these shares are held by insiders and partners of Applied Blockchain. These shares were set to become available for sale beginning December 1, 2022 pursuant to Rule 144 under the Securities Act of 1933, as amended, and following the SEC declaring the Form S-1 effective, will be eligible to be sold pursuant to a public registration statement.
The...
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