Macquarie Promissory Note Funding
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Promissory note with Macquarie Equipment Capital providing $50 million initial loan drawn upon execution plus up to $25 million additional loans subject to mutual consent for Polaris Forge 2 development and corporate purposes
Source (primary)
Applied Digital S-3 filed 2025-12-05 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Promissory Note provides for a principal sum of (a) $50 million (the "Initial Loan"), which was drawn upon execution of the Promissory Note, plus (b) subject to the mutual consent of the Borrower and the Lender, additional loans in an aggregate principal amount not to exceed $25 million”
How we checked this
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Additional evidence
confirms Applied Digital S-3 filed 2025-12-05
Quote: “The Promissory Note provides for a principal sum of (a) $50 million (the "Initial Loan"), which was drawn upon execution of the Promissory Note, plus (b) subject to the mutual consent of the Borrower and the Lender, additional loans in an aggregate principal amount not to exceed $25 million”