Initial Lease Execution deadline
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
The April 2026 10-Q, filed just before the deadline, only restates the April 18, 2026 lease-execution condition. No passage says whether the Initial Lease Execution occurred or whether the loan matured early on July 18, 2026.
“The Loan matures on the earliest of (i) the date of acceleration of the Loan, (ii) July 18, 2026, if the Initial Lease Execution (as defined therein) has not occurred on or before April 18, 2026”
2026-04-07 · Applied Digital 10-Q filed 2026-04-08 View cached copy (2026-08-30)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Initial Lease Execution must occur by April 18, 2026; if not executed by this date, the loan matures on July 18, 2026
Source (primary)
Applied Digital 8-K filed 2025-12-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Loan matures on the earliest of (i) the date of acceleration of the Loan, (ii) July 18, 2026, if the Initial Lease Execution (as defined therein) has not occurred on or before April 18, 2026”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K says the loan matures on July 18, 2026 if the Initial Lease Execution has not occurred by April 18, 2026, or earlier if the loan is accelerated. The filing frames the April date as a trigger for early maturity rather than a standalone obligation, which matches the claim's own explanation.
Confirmed in the source:
- Applied Digital's DevCo loan from Macquarie sets an April 18, 2026 deadline for the Initial Lease Execution
- If the Initial Lease Execution has not occurred on or before April 18, 2026, the loan matures on July 18, 2026
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 Loan matures on the earliest of (i) the date of acceleration of the Loan, (ii) July 18, 2026, if the Initial Lease Execution (as defined therein) has not occurred on or before April 18, 2026”