Subsidiary guaranty of promissory note obligations
Company: Applied Digital
The claim, verbatim
Certain subsidiaries of Applied Digital entered into a guaranty to guarantee the Company's complete performance and fulfillment of obligations under the PPA and Promissory Note.
Source (primary)
Applied Digital 8-K filed 2024-05-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “certain of the Company's subsidiaries (the "Guarantors") entered into a Guaranty, dated May 24, 2024 (the "Guaranty"). Pursuant to the terms of the Guaranty, the Guarantors agreed to guarantee the complete performance and fulfillment of the Company's obligations under the PPA and the Promissory Note”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states certain subsidiaries entered into a Guaranty covering the company's obligations under the PPA and the Promissory Note.
Confirmed in the source:
- Certain Applied Digital subsidiaries entered into a Guaranty
- The Guarantors agreed to guarantee the company's complete performance and fulfillment of obligations under the PPA and the Promissory Note
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000140/apld-20240524.htm) in full (15,238 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-05-24
Quote: “certain of the Company's subsidiaries (the "Guarantors") entered into a Guaranty, dated May 24, 2024 (the "Guaranty"). Pursuant to the terms of the Guaranty, the Guarantors agreed to guarantee the complete performance and fulfillment of the Company's obligations under the PPA and the Promissory Note”