Initial borrowing from CIM APLD Lender Holdings
Company: Applied Digital
The claim, verbatim
Applied Digital Holdings 2 LLC drew $15 million on June 7, 2024 under a promissory note with CIM APLD Lender Holdings, LLC
Source (primary)
Applied Digital 8-K filed 2024-06-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On June 7, 2024, APLD Holdings 2 LLC (the "Borrower"), a Delaware limited liability company and a subsidiary of Applied Digital Corporation, a Nevada corporation (the "Company") entered into a promissory note (the "Promissory Note") with CIM APLD Lender Holdings, LLC, a Delaware limited liability company (the "Lender"). The Promissory Note provides for an initial borrowing of $15 million (the "First Borrowing"), 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 8-K filed 2024-06-07
Quote: “On June 7, 2024, APLD Holdings 2 LLC (the "Borrower"), a Delaware limited liability company and a subsidiary of Applied Digital Corporation, a Nevada corporation (the "Company") entered into a promissory note (the "Promissory Note") with CIM APLD Lender Holdings, LLC, a Delaware limited liability company (the "Lender"). The Promissory Note provides for an initial borrowing of $15 million (the "First Borrowing"), which was drawn on June 7, 2024”