jain.com

Additional consideration received at closing for surrendered Marathon prepayments

Company: Applied Digital

Subject kind
acquisition
Statement date
2024-04-04
Promised amount
10000000.0 USD
Current status
stated

The claim, verbatim

At closing the company received about $10.0 million of additional consideration for the surrender of Marathon's service prepayments under its existing agreements with the company.

Source (primary)

applied-digital 8-K exhibit (gdnsaleproformas.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗

Quote: “plus additional consideration of approximately $10.0 million received by the Company at Closing, in connection with the surrender of Marathon’s service prepayments under its existing agreements with the Company”

How we checked this

Checked on November 9, 2026. The cited source supports every part of this claim.

The transaction summary states the approximately $10.0 million of additional consideration received at closing for the surrender of Marathon's service prepayments.

Confirmed in the source:

What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000063/gdnsaleproformas.htm) in full (14,459 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms applied-digital 8-K exhibit (gdnsaleproformas.htm)

Quote: “plus additional consideration of approximately $10.0 million received by the Company at Closing, in connection with the surrender of Marathon’s service prepayments under its existing agreements with the Company”

View cached copy (2026-11-08)Live source ↗