$50M unsecured convertible debenture issued
Company: Applied Digital
The claim, verbatim
Applied Digital entered a private financing agreement with a single investor and issued a $50 million unsecured convertible debenture. It bears no interest, has a 5% original issue discount and a 54-week term.
Source (primary)
applied-digital 8-K exhibit (apld-yorkvilleprx33124.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “the Company recently entered into a private financing agreement with a single investor (the “Investor”), in which it issued a $50 million unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks.”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The press release states each of these terms directly: a $50 million unsecured convertible debenture issued to a single investor, with no interest, a five percent original issue discount and a 54-week term.
Confirmed in the source:
- Applied Digital entered a private financing agreement with a single investor
- Applied Digital issued a $50 million unsecured convertible debenture
- The debenture bears no interest
- The debenture has a 5% original issue discount
- The debenture has a 54-week term
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000061/apld-yorkvilleprx33124.htm) in full (5,644 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apld-yorkvilleprx33124.htm)
Quote: “the Company recently entered into a private financing agreement with a single investor (the “Investor”), in which it issued a $50 million unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks.”