CIM Waiver Agreement enabling additional borrowing
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened August 11, 2024
The claim reports a Waiver Agreement already signed on August 11, 2024. Later filings confirm it.
“On August 11, 2024, we and the CIM Lender entered into a waiver agreement (the “Waiver Agreement”), whereby the CIM Lender agreed to waive the satisfaction of certain conditions for the subsequent borrowings”
2024-09-22 · Applied Digital S-1 filed 2024-09-23 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
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
Checked on October 10, 2026. The cited source supports every part of this claim.
The prospectus states that the August 11, 2024 Waiver let the company draw an additional $20 million under the CIM Note.
Confirmed in the source:
- The company and CIM entered into a Waiver Agreement on August 11, 2024
- CIM waived certain conditions for subsequent borrowings under the CIM Note
- The waiver allowed the company to draw an additional $20 million (net of original discount and fees) under the CIM Note
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: “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.”