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 completed a registration statement on Form S-1 for the Registered approximately 48.3 million existing Applied Blockchain common shares that are currently unregistered. The Registration Statement does not include the registration of new Common Shares of Applied Blockchain.
The majority of these shares are held by Applied Blockchain insiders and partners. These shares were to be offered for sale pursuant to Rule 144 of the Securities Act of 1933, as amended, beginning December 1, 2022 and were to be validated and registered for public sale pursuant to the SEC’s Form S-1 declaration of registration.
The registration statement on Form S-1 has been filed with the SEC but is not yet effective. These securities may not be sold nor may offers to buy be accepted prior to the effective date of Form S-1. This press release does not constitute an offer to sell or the solicitation of an offer to purchase any securities proposed for registration on Form S-1, nor will any sale of such securities take place in any jurisdiction where such offer, Advertising or sale would be unlawful prior to registration or qualification under the securities laws of such state. Any offering of securities is made solely by reference to the prospectus contained on Form S-1 and any supplement thereto. Copies of the prospectus relating to the Proposed Offering, if available, are available on the SEC’s website at www.sec.gov or at: Applied Blockchain, Inc., 3811 Turtle Creek Blvd., Suite 2100, Dallas, TX 75219, or per Available Call 214-427-1704.
About applied blockchain
Applied Blockchain, Inc. (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America to provide cost-effective digital infrastructure solutions to the rapidly growing High Performance Computing (HPC) industry. The company has partnered with the biggest names in the industry to develop, deploy and scale its business. Visit www.appliedblockchaininc.com for more information. Follow us on Twitter at @APLDBlockchain.
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