Earnest money deposit for property acquisition
Company: WhiteFiber - Project: NC-2 and NC-3
The claim, verbatim
Earnest money deposit of $2.25 million to be placed in escrow, with up to $1.0 million potentially becoming non-refundable if Buyer extends the inspection period
Source (primary)
WhiteFiber 8-K filed 2026-08-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “An earnest money deposit of $2.25 million will be deposited in escrow pursuant to the terms of the Purchase Agreement, of which $1.0 million may become non-refundable to Buyer if Buyer elects to extend the inspection period”
How we checked this
Checked on September 13, 2026. The cited source supports every part of this claim.
The 8-K states that a $2.25 million earnest money deposit will be held in escrow, and that $1.0 million of it may become non-refundable if the Buyer extends the inspection period. The claim's 'up to $1.0 million' wording is slightly looser than the filing's specific $1.0 million figure but does not go beyond it.
Confirmed in the source:
- An earnest money deposit of $2.25 million is to be placed in escrow under the Purchase Agreement
- $1.0 million of the deposit may become non-refundable to the Buyer if the Buyer elects to extend the inspection period
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/2042022/000121390026090492/ea0302334-8k_whitefiber.htm) in full (9,102 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WhiteFiber 8-K filed 2026-08-17
Quote: “An earnest money deposit of $2.25 million will be deposited in escrow pursuant to the terms of the Purchase Agreement, of which $1.0 million may become non-refundable to Buyer if Buyer elects to extend the inspection period”