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CIM Initial Borrowing

Company: Applied Digital

This claim was marked delayed on September 4, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
financing
Statement date
2024-06-16
Promised by
2024-06-07
Promised amount
15000000.0 USD
Current status
delayed

The claim, verbatim

Subsidiary APLD Holdings 2 LLC drew initial $15 million under Promissory Note with CIM on June 7, 2024

Source (primary)

Applied Digital 424B5 filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “our subsidiary, APLD Holdings 2 LLC entered into a Promissory Note with CIM APLD Lender Holdings, LLC ("CIM"), which provides for an initial borrowing of $15 million, which was drawn on June 7, 2024”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Applied Digital 424B5 filed 2024-06-17

Quote: “our subsidiary, APLD Holdings 2 LLC entered into a Promissory Note with CIM APLD Lender Holdings, LLC ("CIM"), which provides for an initial borrowing of $15 million, which was drawn on June 7, 2024”

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

Record of changes

September 3, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 4, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.