Monthly conversion limit
Company: Applied Digital
The claim, verbatim
Below $8.00 conversion price, investor is limited to converting no more than $16.0 million per month in the aggregate across the Promissory Note and Initial Promissory Notes.
Source (primary)
Applied Digital 8-K filed 2024-05-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Below $8.00, the Investor is limited to converting no more than $16.0 million per month in the aggregate across the Promissory Note and Initial Promissory Notes”
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 2024-05-24
Quote: “Below $8.00, the Investor is limited to converting no more than $16.0 million per month in the aggregate across the Promissory Note and Initial Promissory Notes”