200 MW Lease Execution deadline for Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
A 200 MW Lease Execution must occur on or before October 31, 2025; if it does not occur, the Macquarie promissory note will mature on February 1, 2026 instead of September 9, 2027
Source (primary)
Applied Digital 8-K filed 2025-09-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Promissory Note matures on the earliest of (i) the date of acceleration of the Loan, (ii) February 1, 2026, if the 200 MW Lease Execution (as defined therein) has not occurred on or before October 31, 2025, or (iii) September 9, 2027.”
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 2025-09-12
Quote: “The Promissory Note matures on the earliest of (i) the date of acceleration of the Loan, (ii) February 1, 2026, if the 200 MW Lease Execution (as defined therein) has not occurred on or before October 31, 2025, or (iii) September 9, 2027.”