AI Bridge Funding promissory note prepaid via common stock issuance
Company: Applied Digital
The claim, verbatim
Unsecured Promissory Note to AI Bridge Funding LLC made January 30, 2024 was prepaid in full as of May 15, 2024 through issuance of 8,421,146 shares of Common Stock
Source (primary)
Applied Digital 8-K filed 2024-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “that certain Unsecured Promissory Note, made by the Company on January 30, 2024 and amended on March 27, 2024 and April 26, 2024 (the "AI Note") in favor of AI Bridge Funding LLC (the "Holder"), was prepaid in its entirety through the issuance of an aggregate of 8,421,146 shares of Common Stock”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
Item 8.01 of the filing confirms the AI Bridge Funding note dated January 30, 2024 was fully prepaid as of May 15, 2024. The prepayment was made by issuing 8,421,146 common shares.
Confirmed in the source:
- Applied Digital made an Unsecured Promissory Note in favor of AI Bridge Funding LLC
- The note was made on January 30, 2024
- As of May 15, 2024 the note was prepaid in its entirety
- The prepayment was made through issuance of an aggregate of 8,421,146 shares of Common Stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000133/apld-20240516.htm) in full (9,975 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-05-17
Quote: “that certain Unsecured Promissory Note, made by the Company on January 30, 2024 and amended on March 27, 2024 and April 26, 2024 (the "AI Note") in favor of AI Bridge Funding LLC (the "Holder"), was prepaid in its entirety through the issuance of an aggregate of 8,421,146 shares of Common Stock”