Release of escrow funds from debt offering upon ESA Condition satisfaction
Company: Applied Digital
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
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/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”