Initial borrowing under CIM promissory note
Company: Applied Digital
The claim, verbatim
Initial borrowing of $15 million under a Promissory Note with CIM APLD Lender Holdings, LLC, drawn on June 7, 2024
Source (primary)
Applied Digital 8-K filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “APLD Holdings 2 LLC (the "Borrower"), a subsidiary of Applied Digital Corporation (the "Company") 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
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Additional evidence
confirms Applied Digital 8-K filed 2024-06-17
Quote: “APLD Holdings 2 LLC (the "Borrower"), a subsidiary of Applied Digital Corporation (the "Company") 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”