Subsequent borrowings available under CIM promissory note
Company: Applied Digital
The claim, verbatim
Subsequent borrowings of up to $110 million available subject to satisfaction of certain conditions
Source (primary)
Applied Digital 8-K filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “subsequent borrowings of up to $110 million, which will be available subject to the satisfaction of certain conditions”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states subsequent borrowings of up to $110 million will be available subject to certain conditions.
Confirmed in the source:
- The CIM Promissory Note provides for subsequent borrowings of up to $110 million
- Those borrowings are available subject to satisfaction of certain conditions
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: “subsequent borrowings of up to $110 million, which will be available subject to the satisfaction of certain conditions”