Calling All Applied Digital Corporation (APLD) Investors: Contact Bronstein, Gewirtz & Grossman, LLC Today!

NEW YORK, NY / ACCESSWIRE / July 28, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Applied Digital Corporation ("Applied Digital" or the "Company") (NASDAQ:APLD). Investors who purchased Applied Digital securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/apld.

The investigation concerns whether Applied Digital has violated federal securities laws.

Investigation Details:

On June 23, 2023, Applied Digital disclosed in a U.S. Securities and Exchange Commission filing "that its Audit Committee has conducted an internal investigation into a threat, but not a formal assertion, of a sexual harassment claim by Regina Ingel, its Chief Marketing Officer, based on a personal relationship between Ms. Ingel and Wes Cummins, the Company's Chief Executive Officer. Based on information obtained through the investigation, the Audit Committee determined that the relationship between the parties was consensual and the allegations of workplace harassment are unfounded. The Board has reaffirmed Mr. Cummins' role as Chief Executive Officer of the Company and will consider any additional actions that may be appropriate with respect to this matter." Following this news, Applied Digital's stock price fell $1.58 per share, or 16.34%, to close at $8.09 on June 23, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchasedApplied Digital shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/apld. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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