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CIM Promissory Note accordion feature

Company: Applied Digital

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

The claim, verbatim

Accordion feature allowing for up to an additional $75 million of borrowings 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: “In addition to the initial borrowing, the CIM Promissory Note includes an accordion feature that allows for up to an additional $75 million of borrowings.”

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: “In addition to the initial borrowing, the CIM Promissory Note includes an accordion feature that allows for up to an additional $75 million of borrowings.”

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