$36.5M initial loan advance
Company: Applied Digital
The claim, verbatim
At closing on May 23, 2023, the Lenders advanced $36,500,000 to the Borrower
Source (primary)
Applied Digital 8-K filed 2023-05-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “At the closing on May 23, 2023, the Lenders advanced to the Borrower $36,500,000”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the Lenders advanced $36,500,000 to the Borrower at closing on May 23, 2023.
Confirmed in the source:
- At the closing on May 23, 2023, the Lenders advanced $36,500,000 to the Borrower
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000152/apld-20230519.htm) in full (4,865 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2023-05-24
Quote: “At the closing on May 23, 2023, the Lenders advanced to the Borrower $36,500,000”