Lender dollar warrants
Company: TeraWulf
What the later record shows
Not a promise: a reported event · happened March 1, 2023
The claim reports a warrant issuance that had already happened, under the March 1, 2023 Warrant Agreement tied to the Fifth Amendment. Later filings restate the Dollar Warrant count as 13,879,630 and confirm the April 1, 2024 to December 31, 2026 exercise window.
“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 ↗
“the Lender Dollar Warrants are exercisable during the period beginning on April 1, 2024 through December 31, 2026”
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
Company issued 13,333,333 warrants representing 5% of fully diluted equity with $1.00 exercise price, exercisable April 1, 2024 through December 31, 2026
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “13,333,333 warrants to purchase an aggregate number of shares of the Company's common stock equal to 5.0% of the fully diluted equity of the Company as of the Fifth Amendment Effective Date with an exercise price of $1.00 per share...The Lender Dollar Warrants are exercisable during the period beginning on April 1, 2024 and ending at 5:00 p.m., New York City time, on December 31, 2026”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing's description of the March 1, 2023 Fifth Amendment Warrant Agreement states all of these terms. It says the warrants were issued in a private placement.
Confirmed in the source:
- The Company issued 13,333,333 Lender Dollar Warrants
- The warrants are for shares equal to 5.0% of fully diluted equity as of the Fifth Amendment Effective Date
- The exercise price is $1.00 per share
- The warrants are exercisable from April 1, 2024 through December 31, 2026
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000155837023005301/wulf-20221231x10k.htm) in full (569,235 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2023-03-31
Quote: “13,333,333 warrants to purchase an aggregate number of shares of the Company's common stock equal to 5.0% of the fully diluted equity of the Company as of the Fifth Amendment Effective Date with an exercise price of $1.00 per share...The Lender Dollar Warrants are exercisable during the period beginning on April 1, 2024 and ending at 5:00 p.m., New York City time, on December 31, 2026”