First warrant exercisable 6 months post-Closing upon $900M funding
Company: Applied Digital - Project: Ellendale
The claim, verbatim
First warrant becomes exercisable upon Purchaser funding full $900 million in ELN Campus but no earlier than 6-month anniversary of Closing
Source (primary)
Applied Digital 8-K filed 2025-01-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The first warrant will become exercisable upon the Purchaser funding the full $900 million in the ELN Campus, but in no event before the six-month anniversary of the Closing.”
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 filed 2025-01-14
Quote: “The first warrant will become exercisable upon the Purchaser funding the full $900 million in the ELN Campus, but in no event before the six-month anniversary of the Closing.”