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
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the $75 million accordion subject to mutual agreement.
Confirmed in the source:
- The promissory note includes an accordion feature permitting up to an additional $75 million of borrowings
- Accordion borrowings are subject to the mutual agreement of the Borrower and Lender
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000151/apld-20240607.htm) in full (13,148 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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”