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$45M first draw from Macquarie Equipment Capital

Company: Applied Digital

Subject kind
financing
Statement date
2025-12-21
Promised amount
45.0 USD
Current status
stated

The claim, verbatim

Applied Digital's subsidiary APLD DevCo LLC received $45 million as the First Draw on December 18, 2025

Source (primary)

Applied Digital 8-K filed 2025-12-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Promissory Note provides for a principal sum of (a) $45 million (the "First Draw"), which was drawn on the Closing Date”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225028791/form8-k.htm) in full (18,518 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K filed 2025-12-22

Quote: “The Promissory Note provides for a principal sum of (a) $45 million (the "First Draw"), which was drawn on the Closing Date”

View cached copy (2026-08-31)Live source ↗