Accordion feature up to $200M total
Company: Applied Digital
The claim, verbatim
The Note includes an accordion allowing up to an additional $75 million of borrowings by mutual agreement, for total financing of up to $200 million, to be used solely for the Ellendale HPC Campus buildout.
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: “In total, this financing provides the Company with up to $200 million to be used solely towards the buildout of its HPC Campus in Ellendale, ND.”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apld-pressreleasexfinal6624.htm)
Quote: “In total, this financing provides the Company with up to $200 million to be used solely towards the buildout of its HPC Campus in Ellendale, ND.”