CIM Waiver Agreement enabling additional borrowing
Company: Applied Digital
The claim, verbatim
Waiver Agreement with CIM on August 11, 2024 waived conditions enabling additional $20 million draw under CIM Note
Source (primary)
Applied Digital 424B3 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On August 11, 2024, the Company and CIM entered into a Waiver Agreement (the " Waiver "), whereby CIM agreed to waive the satisfaction of certain conditions for the subsequent borrowings, allowing the Company to draw an additional $20 million (net of original discount and fees) of borrowings under the CIM Note.”
How we checked this
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Additional evidence
confirms Applied Digital 424B3 filed 2024-09-11
Quote: “On August 11, 2024, the Company and CIM entered into a Waiver Agreement (the " Waiver "), whereby CIM agreed to waive the satisfaction of certain conditions for the subsequent borrowings, allowing the Company to draw an additional $20 million (net of original discount and fees) of borrowings under the CIM Note.”