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Estimated Closing Distribution of $432M

Company: Applied Digital

Subject kind
financing
Statement date
2025-01-13
Promised amount
432000000.0 USD
Current status
stated

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

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225002040/form8-k.htm) in full (16,003 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

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”

View cached copy (2026-08-31)Live source ↗