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Additional CIM Promissory Note borrowing

Company: Applied Digital

Subject kind
financing
Statement date
2024-09-22
Promised amount
20000000.0 USD
Current status
stated

The claim, verbatim

On August 11, 2024, CIM Lender waived conditions allowing company to draw an additional $20 million under CIM Promissory Note

Source (primary)

Applied Digital S-1 filed 2024-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “On August 11, 2024, we and the CIM Lender entered into a waiver agreement... allowing us to draw an additional $20 million (net of original discount and fees) of borrowings under 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/1144879/000149315224037827/forms-1.htm) in full (181,241 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1 filed 2024-09-23

Quote: “On August 11, 2024, we and the CIM Lender entered into a waiver agreement... allowing us to draw an additional $20 million (net of original discount and fees) of borrowings under the CIM Promissory Note.”

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