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CIM Promissory Note Additional Borrowing

Company: Applied Digital

Subject kind
financing
Statement date
2024-09-12
Promised amount
20.0 USD
Current status
stated

The claim, verbatim

Company can draw additional $20 million from CIM Promissory Note following Waiver Agreement

Source (primary)

Applied Digital S-1 filed 2024-09-13 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “allowing the Company to draw an additional $20 million (net of original discount and fees) of borrowings under the 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/1144879/000114487924000245/apld-formsx1ciminitialwarr.htm) in full (113,167 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1 filed 2024-09-13

Quote: “allowing the Company to draw an additional $20 million (net of original discount and fees) of borrowings under the Promissory Note.”

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