Applied Digital Corporation Receives Remaining $25M Held In Escrow From Sale Of Garden City, Texas Facility After Meeting Conditional Approval Requirements
Portfolio Pulse from Benzinga Newsdesk
Applied Digital Corporation has received the remaining $25 million held in escrow from the sale of its Garden City, Texas facility after meeting conditional approval requirements.
July 30, 2024 | 8:44 pm
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Applied Digital Corporation has successfully received the remaining $25 million held in escrow from the sale of its Garden City, Texas facility after meeting conditional approval requirements.
The receipt of the remaining $25 million from the sale of the Garden City facility will positively impact Applied Digital Corporation's cash flow and financial position, likely leading to a short-term increase in stock price.
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