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Letter of credit through January 2024

Company: Applied Digital

This claim was marked delayed on September 14, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
financing
Statement date
2022-10-11
Promised by
2024-01-31
Promised amount
7.5 millions USD
Current status
delayed

The claim, verbatim

Company maintains letter of credit requiring $7.5 million in restricted cash through January 2024

Source (primary)

Applied Digital 10-Q filed 2022-10-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “The company is required to keep this balance in a separate account for the duration of the letter of credit agreement, which lasts through January 2024.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital 10-Q filed 2022-10-12

Quote: “The company is required to keep this balance in a separate account for the duration of the letter of credit agreement, which lasts through January 2024.”

View cached copy (2026-09-13)Live source ↗

Record of changes

September 14, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 14, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.