Second Promissory Note to YA II PN, LTD.
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened April 24, 2024
The claim reports a note already issued on April 24, 2024, before the statement date. A later filing confirms the issuance date and amount.
“the second promissory note on April 24, 2024, in the principal amount of $10 million”
2024-06-12 · Applied Digital 424B3 filed 2024-06-13 View cached copy (2026-08-31)Live source ↗
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 second promissory note in principal amount of $10 million on April 24, 2024
Source (primary)
Applied Digital S-1 filed 2024-05-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the second promissory note on April 24, 2024, in the principal amount of $10 million”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states the second promissory note was issued on April 24, 2024 in the principal amount of $10 million under the Initial PPA.
Confirmed in the source:
- Applied Digital issued a second promissory note to YA II PN, Ltd. under the Initial Prepaid Advance Agreement
- The second promissory note was issued on April 24, 2024
- The second promissory note had a principal amount of $10 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: “the second promissory note on April 24, 2024, in the principal amount of $10 million”