Board member designee right granted to lenders
Company: TeraWulf
The claim, verbatim
Lenders have the right to appoint a member to the company's board of directors, provided the designee is reasonably acceptable to the company
Source (primary)
TeraWulf 8-K filed 2023-03-03 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Lenders also have the right to appoint a member of the Company's Board (the "Lender Designee"), as long as such Lender Designee is reasonably acceptable to the Company”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes the lenders' board appointment right and the reasonable-acceptability condition.
Confirmed in the source:
- The Lenders have the right to appoint a member of TeraWulf's board
- The Lender Designee must be reasonably acceptable to the company
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 Lenders also have the right to appoint a member of the Company's Board (the "Lender Designee"), as long as such Lender Designee is reasonably acceptable to the Company”