Convertible note issuance
Company: TeraWulf
The claim, verbatim
TeraWulf issued $853,912.33 of convertible notes on November 25, 2022, which were converted into 2,157,006 shares of common stock
Source (primary)
TeraWulf SC 13D/A filed 2023-03-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On November 25, 2022, Lake Harriet Holdings purchased $853,912.33 of convertible notes from the Issuer (the "Convertible Notes"). Three business days after the approval of the Share Increase Amendments, the aggregate principal amount of the Convertible Notes promissory notes and accrued but unpaid interest thereon was converted into 2,157,006 shares of Common Stock”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states Lake Harriet Holdings bought $853,912.33 of convertible notes from the Issuer on that date and that they converted into 2,157,006 shares, matching the claim.
Confirmed in the source:
- Lake Harriet Holdings purchased $853,912.33 of convertible notes from TeraWulf (the Issuer) on November 25, 2022
- The convertible notes were converted into 2,157,006 shares of TeraWulf common stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000095014223000672/eh230338376_13da4-khan.htm) in full (10,868 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf SC 13D/A filed 2023-03-10
Quote: “On November 25, 2022, Lake Harriet Holdings purchased $853,912.33 of convertible notes from the Issuer (the "Convertible Notes"). Three business days after the approval of the Share Increase Amendments, the aggregate principal amount of the Convertible Notes promissory notes and accrued but unpaid interest thereon was converted into 2,157,006 shares of Common Stock”