Additional loans available under Macquarie promissory note
Company: Applied Digital
The claim, verbatim
Subject to mutual consent, additional loans in an aggregate principal amount not to exceed $25 million are available under the promissory note
Source (primary)
Applied Digital 8-K filed 2025-09-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “subject to the mutual consent of the Borrower and the Lender, additional loans in an aggregate principal amount not to exceed $25 million (the "Additional Loans" and together with the Initial Loan, the "Loan").”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that additional loans of up to $25 million in aggregate are available if both the borrower and the lender consent.
Confirmed in the source:
- The promissory note permits additional loans subject to the mutual consent of the borrower and the lender
- The additional loans may not exceed $25 million in aggregate principal
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225013210/form8-k.htm) in full (15,570 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-09-12
Quote: “subject to the mutual consent of the Borrower and the Lender, additional loans in an aggregate principal amount not to exceed $25 million (the "Additional Loans" and together with the Initial Loan, the "Loan").”