Term loan delayed draw deadline
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
The later 10-Q only restates the delayed-draw terms. No passage says whether the $50M was ever borrowed by April 25, 2023.
“$ 50 million to be made, at Borrower’s request, on or before April 25, 2023 (the “Delayed Draw”)”
2022-11-13 · Marathon Digital 10-Q filed 2022-11-14 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The delayed draw portion of $50,000,000 from the term loan must be borrowed by April 25, 2023
Source (primary)
Marathon Digital 8-K filed 2022-08-03 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “$50,000,000.00 to be made, at Borrower's request, on or before April 25, 2023 (the "Delayed Draw")”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the term loan's $50,000,000 Delayed Draw is to be made at the borrower's request on or before April 25, 2023.
Confirmed in the source:
- The term loan includes a delayed draw portion of $50,000,000
- The delayed draw is to be made on or before April 25, 2023, at the borrower's request
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315222021180/form8-k.htm) in full (10,260 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2022-08-03
Quote: “$50,000,000.00 to be made, at Borrower's request, on or before April 25, 2023 (the "Delayed Draw")”