Applied blockchain, inc. announces closing of initial public offering

Dallas, april 18, 2022 (globe newswire) -- applied blockchain, inc. (nasdaq: apld) (“applied” or the “company”) announced today the completion of its initial public offering of 8,000,000 shares of its common stock at $5.00 per share. the shares of common stock began trading on the nasdaq global select market on april 13, 2022, under the ticker symbol “apld.” in addition, applied granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less underwriting discounts and commissions.
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