Prepaid Advance Agreement with YA II PN, LTD.
Company: Applied Digital
The claim, verbatim
Company entered into Prepaid Advance Agreement with YA II PN, LTD. for $42,131,579 in principal amount promissory note
Source (primary)
Applied Digital S-1 filed 2024-05-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “we entered into the PPA with YA II PN, LTD., a Cayman Islands exempt limited partnership (the " Investor "). In accordance with the terms of the PPA, the Investor has agreed to advance $42,131,579 to us pursuant to the Promissory Note.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that Applied Digital entered into the Prepaid Advance Agreement with YA II PN, Ltd. on May 24, 2024. It also states that a promissory note with a principal amount of $42,131,579 was issued under it.
Confirmed in the source:
- Applied Digital entered into a Prepaid Advance Agreement with YA II PN, Ltd.
- A promissory note in the principal amount of $42,131,579 was issued to YA II PN, Ltd. under that agreement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000143/yorkvilles-1.htm) in full (115,497 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2024-05-31
Quote: “we entered into the PPA with YA II PN, LTD., a Cayman Islands exempt limited partnership (the " Investor "). In accordance with the terms of the PPA, the Investor has agreed to advance $42,131,579 to us pursuant to the Promissory Note.”