Initial draw on CIM Note
Company: Applied Digital
The claim, verbatim
$15 million of the initial commitments was drawn at closing, with the remainder to be drawn subject to conditions in the Note.
Source (primary)
applied-digital 8-K exhibit (apld-pressreleasexfinal6624.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-03)Live source ↗
Quote: “Of the Initial Commitments, $15 million will be drawn on the date hereof, and the remaining will be drawn subject to the satisfaction of certain conditions outlined in the Note.”
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 8-K exhibit (apld-pressreleasexfinal6624.htm)
Quote: “Of the Initial Commitments, $15 million will be drawn on the date hereof, and the remaining will be drawn subject to the satisfaction of certain conditions outlined in the Note.”