Over-allotment option exercise and capital raise closure
Company: TeraWulf
The claim, verbatim
Underwriters exercised their over-allotment option and purchased 1,000,000 additional shares at $0.68 per share, resulting in approximately $26.63 million in total net proceeds to the company.
Source (primary)
TeraWulf 8-K filed 2023-03-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On February 28, 2023, the underwriters of the previously announced underwritten public offering of common stock of TeraWulf Inc. (the "Company"), exercised their option and purchased an additional 1,000,000 shares of the Company's common stock, par value $0.001 per share, from the Company at the public offering price of $0.68 per share, resulting in additional net proceeds to the Company of approximately $0.64 million, or approximately $26.63 million in total net proceeds after taking into account the exercise of the underwriters' option, in each case after deducting underwriting discounts and commissions and estimated offering expenses.”
How we checked this
Additional evidence
confirms TeraWulf 8-K filed 2023-03-01
Quote: “On February 28, 2023, the underwriters of the previously announced underwritten public offering of common stock of TeraWulf Inc. (the "Company"), exercised their option and purchased an additional 1,000,000 shares of the Company's common stock, par value $0.001 per share, from the Company at the public offering price of $0.68 per share, resulting in additional net proceeds to the Company of approximately $0.64 million, or approximately $26.63 million in total net proceeds after taking into account the exercise of the underwriters' option, in each case after deducting underwriting discounts and commissions and estimated offering expenses.”