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Prepaid Advance Agreement - $10M Promissory Note

Company: Applied Digital

Subject kind
financing
Statement date
2024-09-10
Promised amount
10000000.0 USD
Current status
stated

The claim, verbatim

$10 million Promissory Note issued within two trading days after SEC registration statement became effective (April 23, 2024)

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 amount of $10,000,000 was issued to the Selling Stockholder, within two trading days after the registration statement... was declared effective by the U.S. Securities and Exchange Commission (the " SEC ") on April 23, 2024”

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/1144879/000114487924000238/apld-prospectusyorkvillepo.htm) in full (84,274 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 424B3 filed 2024-09-11

Quote: “a Promissory Note in the amount of $10,000,000 was issued to the Selling Stockholder, within two trading days after the registration statement... was declared effective by the U.S. Securities and Exchange Commission (the " SEC ") on April 23, 2024”

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