Guarantee termination option—Base Electron $50M financing
Company: Applied Digital
The claim, verbatim
Applied Digital may terminate the guarantee if Base Electron completes a financing transaction resulting in gross proceeds of at least $50 million, provided Base Electron is current on payments to B&W.
Source (primary)
Applied Digital 8-K filed 2026-03-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the consummation by Base Electron of a financing transaction resulting in gross proceeds of at least $50 million (provided that Base Electron is current in its payments to B&W)”
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 2026-03-04
Quote: “the consummation by Base Electron of a financing transaction resulting in gross proceeds of at least $50 million (provided that Base Electron is current in its payments to B&W)”