Penny Warrant issuance
Company: TeraWulf
What the later record shows
Not a promise: a reported event · happened March 1, 2023
The claim reports a warrant agreement already entered into on March 1, 2023. Later filings confirm the Penny Warrants were issued.
“we have issued: (i) 27,759,265 Penny Warrants to purchase 27,759,265 shares of Common Stock at an exercise price of $0.01 per share”
2024-03-21 · TeraWulf S-3/A filed 2024-03-22 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company issued Penny Warrants to purchase 27,759,265 shares at $0.01 exercise price, exercisable April 1, 2024 to December 31, 2025
Source (primary)
TeraWulf S-3 filed 2023-09-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On March 1, 2023, the Company entered into the Warrant Agreement to issue: (i) warrants to purchase 27,759,265 shares of Common Stock at an exercise price of $0.01 per share of Common Stock (the "Penny Warrants")...the exercise period for the Penny Warrants is the period beginning on April 1, 2024 and ending at 5:00 p.m., New York City time, on December 31, 2025”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that, as a condition of the Fifth Amendment to its loan agreement, TeraWulf entered into a March 1, 2023 Warrant Agreement to issue Penny Warrants for 27,759,265 shares at $0.01 per share. It gives their exercise period as April 1, 2024 through December 31, 2025.
Confirmed in the source:
- The Company issued Penny Warrants under a Warrant Agreement dated March 1, 2023
- The Penny Warrants are warrants to purchase 27,759,265 shares of Common Stock
- The Penny Warrants have an exercise price of $0.01 per share
- The Penny Warrant exercise period begins April 1, 2024
- The Penny Warrant exercise period ends at 5:00 p.m. New York City time on December 31, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000162828023033307/terawulfincs-3.htm) in full (79,200 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3 filed 2023-09-29
Quote: “On March 1, 2023, the Company entered into the Warrant Agreement to issue: (i) warrants to purchase 27,759,265 shares of Common Stock at an exercise price of $0.01 per share of Common Stock (the "Penny Warrants")...the exercise period for the Penny Warrants is the period beginning on April 1, 2024 and ending at 5:00 p.m., New York City time, on December 31, 2025”