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Prepaid Advance Agreement - $40M Promissory Note

Company: Applied Digital

This claim was marked delayed on September 4, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
financing
Statement date
2024-09-10
Promised by
2024-03-27
Promised amount
40000000.0 USD
Current status
delayed

The claim, verbatim

$40 million Promissory Note issued on March 27, 2024 (Closing Date)

Source (primary)

Applied Digital 424B3 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “a Promissory Note in the principal amount of $40,000,000 was issued to the Selling Stockholder on the Closing Date”

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 424B3 filed 2024-09-11

Quote: “a Promissory Note in the principal amount of $40,000,000 was issued to the Selling Stockholder on the Closing Date”

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

Record of changes

September 3, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 4, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.