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CIM Promissory Note subsequent borrowings

Company: Applied Digital

Subject kind
financing
Statement date
2024-10-03
Promised amount
110.0 USD
Current status
stated

The claim, verbatim

Subsequent borrowings of up to $110 million available subject to satisfaction of certain conditions under CIM Promissory Note

Source (primary)

Applied Digital S-1 filed 2024-10-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “subsequent borrowings of up to $110 million, which will be available subject to the satisfaction of certain conditions as outlined in the CIM Promissory Note”

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/1144879/000149315224039591/forms-1.htm) in full (130,138 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1 filed 2024-10-04

Quote: “subsequent borrowings of up to $110 million, which will be available subject to the satisfaction of certain conditions as outlined in the CIM Promissory Note”

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