Additional CIM Promissory Note borrowing
Company: Applied Digital
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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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.”