Jul. 2 at 6:57 PM
$BW I had a good convo with my AI. Here is why its declining: August 1st is the hard deadline for the
$APLD /
$BW project. By that date, Base Electron needs to either go public (IPO) or secure at least
$50M in outside capital. If they pull that off, Applied Digital is legally off the hook for free.
If Base Electron fails to raise the cash, the ball drops into Applied Digital’s court.
$APLD then has until August 1st to decide whether to pay a
$50M termination fee to BW to cancel their parent guarantee and walk away from the risk, or let the deadline pass and watch their financial liability to B&W automatically double to
$100M.
