Prepaid Advance early redemption date
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
Passages show debt conversions but do not say whether the company redeemed the YA Promissory Notes in cash after January 1, 2025.
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
Company may redeem early portions or all amounts outstanding under YA Promissory Notes in cash after January 1, 2025
Source (primary)
Applied Digital 8-K filed 2024-08-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company may only redeem early a portion or all amounts outstanding under the YA Promissory Notes in cash after January 1, 2025”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states that the amended terms allow early cash redemption of the YA Promissory Notes only after January 1, 2025.
Confirmed in the source:
- Under Amendment No. 2, the company may redeem early a portion or all amounts outstanding under the YA Promissory Notes in cash after January 1, 2025
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 Company may only redeem early a portion or all amounts outstanding under the YA Promissory Notes in cash after January 1, 2025”