Applied Digital files 8-K/A: entry into a material agreement

Item 1.01 Entry into a Material Definitive Agreement.

Satisfaction of Escrow Arrangements and Release of Funds

As previously reported, on March 10, 2026, APLD ComputeCo 2 LLC, a subsidiary of the Company (the “Issuer”), completed its private offering of the notes, the material terms of which are described in the Original 8-K. Pursuant to the Escrow Agreement, the Issuer deposited an amount in cash equal to the gross proceeds from the offering of the notes into the Escrow Account until the satisfaction of the ESA

Condition and occurrence of certain events described therein.

June 17, 2026, having satisfied the ESA Condition, the Issuer executed and delivered to the Escrow Agent an Escrow Release Certificate to direct the Escrow Agent to release the funds in the Escrow Account to the Issuer and apply such funds in accordance with the Escrow

Agreement and the Indenture.

Reform Act of 1995. These statements include, but are not limited to, the anticipated use of any proceeds from the offering, and the terms of the notes. The words “anticipate,” “believe,” “continue,” “could,” “estimate,”

“expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,”

10-K filed with the SEC on July 30, 2025 and the risks described in other filings that the Company may make from time to time with the