Mandatory amortization of term loans eliminated through April 8, 2024 conditional on equity proceeds
Company: TeraWulf
The claim, verbatim
Mandatory amortization of term loans is eliminated through April 8, 2024, conditional upon company receiving $33.5 million from equity issuance by March 15, 2023
Source (primary)
TeraWulf 8-K filed 2023-03-03 (SEC EDGAR, sec_filing)
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Quote: “The Fifth Amendment eliminates mandatory amortization of the term loans under the Loan Agreement (the "Term Loans") through April 8, 2024, as long as the Company receives aggregate net proceeds of at least $33.5 million from the issuance of equity or equity-linked securities by March 15, 2023”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 8-K filed 2023-03-03
Quote: “The Fifth Amendment eliminates mandatory amortization of the term loans under the Loan Agreement (the "Term Loans") through April 8, 2024, as long as the Company receives aggregate net proceeds of at least $33.5 million from the issuance of equity or equity-linked securities by March 15, 2023”