First Promissory Note to YA II PN, LTD.
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened March 27, 2024
The claim was made on 2024-05-30 and describes a note already issued on March 27, 2024. Later filings confirm the issuance.
“we issued the first promissory note on March 27, 2024, in the principal amount of $40 million”
2024-06-12 · Applied Digital 424B3 filed 2024-06-13 View cached copy (2026-08-31)Live source ↗
“We issued the first Promissory Note on March 27, 2024, in the principal amount of $40 million, less a five percent original issue discount.”
2024-10-21 · ARS View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company issued first promissory note in principal amount of $40 million on March 27, 2024
Source (primary)
Applied Digital S-1 filed 2024-05-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “we issued the first promissory note on March 27, 2024, in the principal amount of $40 million (the " First Promissory Note ")”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states the company issued the first promissory note on March 27, 2024 in the principal amount of $40 million, under the Initial PPA with YA II PN, Ltd.
Confirmed in the source:
- Applied Digital issued a first promissory note to YA II PN, Ltd. under the Initial Prepaid Advance Agreement
- The first promissory note was issued on March 27, 2024
- The first promissory note had a principal amount of $40 million
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 issued the first promissory note on March 27, 2024, in the principal amount of $40 million (the " First Promissory Note ")”