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 2, 2026. The cited source supports every part of this claim.
Both the deposit amount and the conditional $1.0 million non-refundable portion appear verbatim in the filing.
Confirmed in the source:
- An earnest money deposit of $2.25 million will be deposited in escrow under the Purchase Agreement
- Of that deposit, $1.0 million may become non-refundable 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”