CIM Accordion Feature Availability
Company: Applied Digital
The claim, verbatim
Promissory Note includes accordion feature permitting up to an additional $75 million of borrowings subject to mutual agreement of CIM and Company
Source (primary)
Applied Digital 424B5 filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Promissory Note includes an accordion feature that permits up to an additional $75 million of borrowings subject to the mutual agreement of CIM and the Company”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the $75 million accordion feature and says it requires the mutual agreement of CIM and the Company.
Confirmed in the source:
- The CIM Promissory Note includes an accordion feature
- The accordion permits up to an additional $75 million of borrowings
- The accordion is subject to the mutual agreement of CIM and the Company
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000167/a06142024ciminitialwarrant.htm) in full (130,571 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-06-17
Quote: “the Promissory Note includes an accordion feature that permits up to an additional $75 million of borrowings subject to the mutual agreement of CIM and the Company”