Equity raise commitment for amortization relief
Company: TeraWulf
What the later record shows
Delivered on time · happened March 9, 2023
Filings state the Amortization Relief Condition was satisfied on March 9, 2023, before the March 15 deadline. That eliminated mandatory term-loan amortization through April 2024.
“The Company satisfied the Amortization Relief Condition on March 9, 2023.”
2023-05-14 · TeraWulf 10-Q filed 2023-05-15 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 expects to satisfy amortization relief condition by March 15, 2023 by receiving aggregate net proceeds of at least $33.5 million from equity issuance, which eliminates mandatory amortization of term loans through April 8, 2024
Source (primary)
TeraWulf 8-K filed 2023-03-03 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Company expects to satisfy the Amortization Relief Condition by March 15, 2023.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing supports the expected timing, the $33.5 million threshold, and the resulting elimination of amortization through April 8, 2024.
Confirmed in the source:
- TeraWulf expects to satisfy the Amortization Relief Condition by March 15, 2023
- The condition requires aggregate net proceeds of at least $33.5 million from equity or equity-linked securities issuance
- Satisfying the condition eliminates mandatory amortization of the term loans through April 8, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465923028517/tm238231d2_8k.htm) in full (11,914 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2023-03-03
Quote: “The Company expects to satisfy the Amortization Relief Condition by March 15, 2023.”
confirms TeraWulf 10-Q filed 2023-05-15
Quote: “The Company satisfied the Amortization Relief Condition on March 9, 2023.”