Accordion feature for additional borrowing
Company: Applied Digital
The claim, verbatim
Accordion feature permits up to an additional $75 million of borrowings subject to mutual agreement of the Borrower and Lender
Source (primary)
Applied Digital 8-K filed 2024-06-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Promissory Note includes an accordion feature that permits up to an additional $75 million of borrowings subject to the mutual agreement of the Borrower and 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: “The Promissory Note includes an accordion feature that permits up to an additional $75 million of borrowings subject to the mutual agreement of the Borrower and Lender”