$13.5M contingent loan advance
Company: Applied Digital
The claim, verbatim
Remaining $13,500,000 of the loan to be advanced at the sole discretion of the Lenders
Source (primary)
Applied Digital 8-K filed 2023-05-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the remaining $13,500,000 to be advanced at the sole discretion of the Lenders”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the remaining $13,500,000 is to be advanced at the Lenders' sole discretion.
Confirmed in the source:
- The remaining $13,500,000 is to be advanced at the sole discretion of the Lenders
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: “the remaining $13,500,000 to be advanced at the sole discretion of the Lenders”