Additional warrant issuance contingent on accordion draws
Company: Applied Digital
The claim, verbatim
Company will issue additional warrant to purchase up to 5,559,220 common shares with exercise price of $4.8005 per share to the extent Borrower makes drawings under the Accordion
Source (primary)
Applied Digital 8-K filed 2024-06-07 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In addition, to the extent the Borrower makes drawings under the Accordion, the Company will issue to the Lender an additional warrant to purchase up to 5,559,220 Common Shares.”
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: “In addition, to the extent the Borrower makes drawings under the Accordion, the Company will issue to the Lender an additional warrant to purchase up to 5,559,220 Common Shares.”