Prepaid Advance conversion limitation elimination
Company: Applied Digital
The claim, verbatim
Prepaid Advance Agreements amended to eliminate the $16.0 million per month conversion limitation across YA Promissory Notes
Source (primary)
Applied Digital 8-K filed 2024-08-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Prepaid Advance Agreements were amended to eliminate the $16.0 million per month conversion limitation that exists in the aggregate across the YA Promissory Notes.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that Amendment No. 3 eliminated the $16.0 million monthly conversion limitation across the YA Promissory Notes.
Confirmed in the source:
- The Prepaid Advance Agreements were amended
- The amendment eliminated the $16.0 million per month conversion limitation that applied in aggregate across the YA Promissory Notes
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000222/apld-20240829.htm) in full (22,402 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-08-30
Quote: “the Prepaid Advance Agreements were amended to eliminate the $16.0 million per month conversion limitation that exists in the aggregate across the YA Promissory Notes.”