Subsequent borrowing tranches from CIM
Company: Applied Digital
The claim, verbatim
Up to $110 million in subsequent tranches available under the promissory note, subject to satisfaction of certain conditions including entry into account control agreements and assignment of project contracts
Source (primary)
Applied Digital 8-K filed 2024-06-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “subsequent borrowings of up to $110 million (the "Subsequent Tranches") will be available subject to the satisfaction of certain conditions, including entry into certain account control agreements and the assignment of certain project contracts to the Borrower or affiliate of the Borrower as requested by the Lender”
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: “subsequent borrowings of up to $110 million (the "Subsequent Tranches") will be available subject to the satisfaction of certain conditions, including entry into certain account control agreements and the assignment of certain project contracts to the Borrower or affiliate of the Borrower as requested by the Lender”