$55M second draw
Company: Applied Digital
The claim, verbatim
$55 million is available as the Second Draw to be funded upon request subject to satisfaction of conditions
Source (primary)
Applied Digital 8-K filed 2025-12-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “(b) $55 million (the "Second Draw," and, together with the First Draw, each, a "Draw" and, collectively, the "Initial Loan"), to be funded upon the Borrower's request at any time after the Closing Date subject to satisfaction of or waiver by the Lender of certain conditions precedent”
How we checked this
Additional evidence
confirms Applied Digital 8-K filed 2025-12-22
Quote: “(b) $55 million (the "Second Draw," and, together with the First Draw, each, a "Draw" and, collectively, the "Initial Loan"), to be funded upon the Borrower's request at any time after the Closing Date subject to satisfaction of or waiver by the Lender of certain conditions precedent”