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
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 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.”