SAFE agreement proceeds
Company: Applied Digital
The claim, verbatim
Company received $12,000 thousand in proceeds from issuance of SAFE agreement
Source (primary)
Applied Digital 10-Q filed 2024-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Proceeds from issuance of SAFE agreement included in long-term debt 12,000”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The cash flow statement shows $12,000 thousand in SAFE proceeds, and the notes say subsidiary Applied Digital Cloud Corporation entered into two SAFE agreements totaling $12.0 million.
Confirmed in the source:
- The company received $12,000 thousand in proceeds from issuing SAFE agreements
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000253/apld-20240831.htm) in full (158,170 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-Q filed 2024-10-09
Quote: “Proceeds from issuance of SAFE agreement included in long-term debt 12,000”