Long-term debt amendment removing fixed principal amortization
Company: TeraWulf
What the later record shows
Not a promise: a reported event · happened March 1, 2023
The claim reports an amendment already made: the Fifth Amendment to the LGSA, executed March 1, 2023. The 10-K confirms that this amendment removed fixed principal amortization through April 7, 2024.
“On March 1, 2023, in connection with the execution of the Fifth Amendment to the LGSA, the Company entered into a Warrant Agreement to issue the following warrants to the lenders”
2024-03-19 · TeraWulf 10-K filed 2024-03-20 View cached copy (2026-09-13)Live source ↗
“remove the fixed principal amortization through April 7, 2024 and, subsequent to December 31, 2023, through maturity on December 1, 2024”
2024-03-19 · TeraWulf 10-K filed 2024-03-20 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
The Company amended its long-term debt agreement to remove the fixed principal amortization through April 7, 2024
Source (primary)
TeraWulf 10-Q filed 2023-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company amended its long-term debt agreement (see Note 9) to, among other changes, remove the 9 fixed principal amortization through April 7, 2024”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing says the Company amended its long-term debt agreement to, among other changes, remove the fixed principal amortization through April 7, 2024. Note 9 describes this as the Fifth Amendment to the LGSA.
Confirmed in the source:
- TeraWulf amended its long-term debt agreement
- The amendment removed the fixed principal amortization through April 7, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000155837023014682/wulf-20230630x10q.htm) in full (253,748 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-Q filed 2023-08-14
Quote: “the Company amended its long-term debt agreement (see Note 9) to, among other changes, remove the 9 fixed principal amortization through April 7, 2024”