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    SEC Form SC 13G filed by Applied Digital Corporation

    5/31/24 11:33:32 AM ET
    $APLD
    Finance: Consumer Services
    Finance
    Get the next $APLD alert in real time by email
    SC 13G 1 ea0207135-13gasher_applied.htm SCHEDULE 13G

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No.__)*

     

    Applied Digital Corp
    (Name of Issuer)

     

    COMMON STOCK par value $0.0001 per share
    (Title of Class of Securities)

     

    038169207
    (CUSIP Number)

     

    05/17/2024
    (Date of Event Which Requires Filing of this Statement)

       

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    ☐Rule 13d-1(b)

     

    ☒Rule 13d-1(c)

     

    ☐Rule 13d-1(d)

     

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

     

     

    CUSIP No. 038169207
     
    (1) Names of reporting persons
      DANIEL ASHER
       
    (2) Check the appropriate box if a member of a group (see instructions)
      (a) ☐
      (b) ☐
      N/A
       
    (3) SEC use only
       
       
    (4) Citizenship or place of organization
      USA
       
      Number of shares beneficially owned by each reporting person with:
         
      (5) Sole voting power
         
         
      (6) Shared voting power
        10,787,224
         
      (7) Sole dispositive power
         
         
      (8) Shared dispositive power
        10,787,224
       
    (9) Aggregate amount beneficially owned by each reporting person 10,787,224
       
       
    (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
      N/A
       
    (11) Percent of class represented by amount in Row (9)
      8.79
       
    (12) Type of reporting person (see instructions)
      IN

     

    1

     

     

    CUSIP No. 038169207
     
    (1) Names of reporting persons
      BRAESIDE TRUST
       
    (2) Check the appropriate box if a member of a group (see instructions)
      (a) ☐
      (b) ☐
      N/A
       
    (3) SEC use only
       
       
    (4) Citizenship or place of organization
      USA
       
      Number of shares beneficially owned by each reporting person with:
         
      (5) Sole voting power
         
         
      (6) Shared voting power
        29,170
         
      (7) Sole dispositive power
         
         
      (8) Shared dispositive power
        29,170
       
    (9) Aggregate amount beneficially owned by each reporting person 29,170
       
       
    (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
      N/A
       
    (11) Percent of class represented by amount in Row (9)
      0.024
       
    (12) Type of reporting person (see instructions)
      OO

     

    2

     

     

    CUSIP No. 038169207
     
    (1) Names of reporting persons
      DANIEL ASHER DESCENDANTS TRUST
       
    (2) Check the appropriate box if a member of a group (see instructions)
      (a) ☐
      (b) ☐
      N/A
       
    (3) SEC use only
       
       
    (4) Citizenship or place of organization
      USA
       
      Number of shares beneficially owned by each reporting person with:
         
      (5) Sole voting power
         
         
      (6) Shared voting power
        427,735
         
      (7) Sole dispositive power
         
         
      (8) Shared dispositive power
        427,735
       
    (9) Aggregate amount beneficially owned by each reporting person 427,735
       
       
    (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
      N/A
       
    (11) Percent of class represented by amount in Row (9)
      0.348
       
    (12) Type of reporting person (see instructions)
      OO

     

    3

     

     

    CUSIP No. 038169207
     
    (1) Names of reporting persons
      DANIEL ASHER APLD ANNUITY TRUST
       
    (2) Check the appropriate box if a member of a group (see instructions)
      (a) ☐
      (b) ☐
      N/A
       
    (3) SEC use only
       
       
    (4) Citizenship or place of organization
      USA
       
      Number of shares beneficially owned by each reporting person with:
         
      (5) Sole voting power
         
         
      (6) Shared voting power
        10,330,319
         
      (7) Sole dispositive power
         
         
      (8) Shared dispositive power
        10,330,319
       
    (9) Aggregate amount beneficially owned by each reporting person 10,330,319
       
       
    (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
      N/A
       
    (11) Percent of class represented by amount in Row (9)
      8.416
       
    (12) Type of reporting person (see instructions)
      OO

     

    4

     

     

    CUSIP No. 038169207
     
    (1) Names of reporting persons
      SPHINX TRADING LP
       
    (2) Check the appropriate box if a member of a group (see instructions)
      (a) ☐
      (b) ☐
      N/A
       
    (3) SEC use only
       
       
    (4) Citizenship or place of organization
      IL
       
      Number of shares beneficially owned by each reporting person with:
         
      (5) Sole voting power
         
         
      (6) Shared voting power
        456,905
         
      (7) Sole dispositive power
         
         
      (8) Shared dispositive power
        456,905
       
    (9) Aggregate amount beneficially owned by each reporting person 456,905
       
       
    (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
      N/A
       
    (11) Percent of class represented by amount in Row (9)
      0.372
       
    (12) Type of reporting person (see instructions)
      PN

     

    5

     

     

    CUSIP No. 038169207
     
    (1) Names of reporting persons
      DBA TRADING LLC
       
    (2) Check the appropriate box if a member of a group (see instructions)
      (a) ☐
      (b) ☐
      N/A
       
    (3) SEC use only
       
       
    (4) Citizenship or place of organization
      FL
       
      Number of shares beneficially owned by each reporting person with:
         
      (5) Sole voting power
         
         
      (6) Shared voting power
        10,330,319
         
      (7) Sole dispositive power
         
         
      (8) Shared dispositive power
        10,330,319
       
    (9) Aggregate amount beneficially owned by each reporting person 10,330,319
       
       
    (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
      N/A
       
    (11) Percent of class represented by amount in Row (9)
      8.416
       
    (12) Type of reporting person (see instructions)
      OO

     

    6

     

     

    ITEM 1(A) NAME OF ISSUER: APPLIED DIGITAL CORPORATION

     

    ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

     

    3811 Turtle Creek Blvd., Suite 2100

    Dallas, TX 75219

     

    ITEM 2 (A) NAME OF PERSON FILING: Daniel Asher, Braeside Trust, Daniel Asher Descendants Trust, Daniel Asher APLD Annuity Trust, Sphinx Trading, LP, DBA Trading, LLC.

     

    ITEM 2 (B) ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

     

    111 W Jackson Blvd., Suite 2220, Chicago, IL. 60604

     

    ITEM 2 (C) CITIZENSHIP: USA

     

    ITEM 2 (D) TITLE OF CLASS OF SECURITIES: COMMON STOCK

     

    ITEM 2 (E) CUSIP NO.: 038169207

     

    ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

     

    (a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

     

    (b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

     

    (c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

     

    (d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);

     

    (e) ☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

     

    (f) ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

     

    (g) ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

     

    (h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

     

    (i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

     

    (j) ☐ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

     

    (k) ☐ Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

     

    ITEM 4. OWNERSHIP 

     

    (a) Amount beneficially owned: See Row 9 of cover page for each reporting person.

     

    (b) Percent of class: See Row 11 of cover page for each reporting person

     

    7

     

     

    (c) Number of shares as to which the person has:

     

    (i)Sole power to vote or to direct the vote: See Row 5 of cover page for each reporting Person.

     

    (ii)Shared power to vote or to direct the vote: See Row 6 of cover page for each reporting Person.

     

    (iii)Sole power to dispose or to direct the disposition of: See Row 7 of cover page for each reporting Person.

     

    (iv)Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each reporting Person.

     

    Daniel Asher controls the General Partner (namely Oakmont Investment, Inc.) of Sphinx Trading LP, and may be deemed to control Sphinx Trading LP and share voting and dispositive power over the shares held by Sphinx Trading LP.

     

    Daniel Asher is the beneficial owner of Braeside Trust, DBA Trading, LLC, the Daniel Asher APLD Annuity Trust and the Daniel Asher Descendants Trust. And is deemed to control and share voting and dispositive power over the shares held by them.

     

    ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS.

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

     

    ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON. N/A

     

    ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON. N/A

     

    ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. N/A

     

    ITEM 9. NOTICE OF DISSOLUTION OF GROUP. N/A

     

    ITEM 10. CERTIFICATIONS.

     

    (c) The following certification shall be included if the statement is filed pursuant to § 240.13d-1(c):

     

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

     

    8

     

     

    Exhibit No.   Description
    99.1   Joint Filing Agreement.
         
    99.2   Transactions of the Reporting Persons Effected by the 13G Filing.

     

    9

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

      Dated: 05/29/2024
         
      DANIEL ASHER
         
      Signature. /s/ Daniel Asher
         
      Name/Title.  Daniel Asher

     

      DANIEL ASHER DESCENDANTS TRUST
         
      Signature. /s/ Fred Goldman
         
      Name/Title.  Fred Goldman, Trustee

     

      DANIEL ASHER APLD ANNUITY TRUST
         
      Signature. /s/ Fred Goldman
         
      Name/Title.  Fred Goldman, Trustee

     

      BRAESIDE TRUST
         
      Signature. /s/ Fred Goldman
         
      Name/Title.  Fred Goldman, Trustee

     

      SPHINX TRADING, LP
         
      Signature. /s/ Fred Goldman
         
      Name/Title.  Fred Goldman, CFO

     

      DBA TRADING, LLC
         
      Signature. /s/ Fred Goldman
         
      Name/Title.  Fred Goldman, Member

     

    10

     

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