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
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the note with CIM APLD Lender Holdings, LLC provides for an initial $15 million borrowing drawn on June 7, 2024.
Confirmed in the source:
- The Promissory Note is with CIM APLD Lender Holdings, LLC
- The note provides for an initial borrowing of $15 million
- The $15 million was drawn on June 7, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000171/apld-20240617.htm) in full (4,930 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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”