jain.com
The Analysis · Companies · People · Methodology

Release of escrow funds from debt offering upon ESA Condition satisfaction

Company: Applied Digital

Subject kind
financing
Statement date
2026-06-16
Current status
stated

The claim, verbatim

Upon satisfaction of the ESA Condition on June 17, 2026, the Issuer directed the Escrow Agent to release the funds held from the notes offering to APLD ComputeCo 2 LLC for application under the Escrow Agreement and Indenture

Source (primary)

Applied Digital 8-K/A filed 2026-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗

Quote: “On June 17, 2026, having satisfied the ESA Condition, the Issuer executed and delivered to the Escrow Agent an Escrow Release Certificate to direct the Escrow Agent to release the funds in the Escrow Account to the Issuer and apply such funds in accordance with the Escrow Agreement and the Indenture”

How we checked this

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226028993/form8-ka.htm) in full (5,375 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 8-K/A filed 2026-06-17

Quote: “On June 17, 2026, having satisfied the ESA Condition, the Issuer executed and delivered to the Escrow Agent an Escrow Release Certificate to direct the Escrow Agent to release the funds in the Escrow Account to the Issuer and apply such funds in accordance with the Escrow Agreement and the Indenture”

View cached copy (2026-08-30)Live source ↗