Estimated Closing Distribution of $432M
Company: Applied Digital
The claim, verbatim
Cash distribution at Closing estimated at $712 million initial site capitalization minus $100 million Company funding requirement minus $180 million debt repayment
Source (primary)
Applied Digital 8-K filed 2025-01-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “amount equal to the sum of its initial site capitalization, currently estimated to be $712 million, minus the Issuer's initial funding requirement in the amount of $100 million, minus project-level debt repayment, currently in the amount of $180 million”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2025-01-14
Quote: “amount equal to the sum of its initial site capitalization, currently estimated to be $712 million, minus the Issuer's initial funding requirement in the amount of $100 million, minus project-level debt repayment, currently in the amount of $180 million”