Warrants to CIM – conditional second tranche
Company: Applied Digital
The claim, verbatim
The lender will receive warrants for up to an additional 2,964,917 shares at the same strike price, issued only after the full $125 million borrowing is made available.
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: “The lender will receive a warrant to purchase up to an additional 2,964,917 shares of common stock of the Company at the same strike price, subject to the Company meeting certain conditions.”
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: “The lender will receive a warrant to purchase up to an additional 2,964,917 shares of common stock of the Company at the same strike price, subject to the Company meeting certain conditions.”