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Lake Harriet Holdings warrant purchase

Company: TeraWulf

Subject kind
financing
Statement date
2023-02-05
Promised amount
1.25 USD
Current status
stated

The claim, verbatim

Lake Harriet Holdings purchased 1,190,476 warrants to purchase common stock at an exercise price of $0.00001 per share for an aggregate purchase price of $1.25 million on January 30, 2023. The warrants are exercisable upon stockholder approval of Charter Amendments and expire on December 31, 2023.

Source (primary)

TeraWulf SC 13D/A filed 2023-02-06 (SEC EDGAR, sec_filing)
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Quote: “On January 30, 2023, Lake Harriet Holdings entered into a subscription agreement and warrant agreement with the Issuer pursuant to which it purchased 1,190,476 warrants, each exercisable to purchase one share of the Issuer's Common Stock at an exercise price of $0.00001 per share of Common Stock (the "Lake Harriet Holdings Warrants"), for an aggregate purchase price of $1.25 million paid in cash.”

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 SC 13D/A filed 2023-02-06

Quote: “On January 30, 2023, Lake Harriet Holdings entered into a subscription agreement and warrant agreement with the Issuer pursuant to which it purchased 1,190,476 warrants, each exercisable to purchase one share of the Issuer's Common Stock at an exercise price of $0.00001 per share of Common Stock (the "Lake Harriet Holdings Warrants"), for an aggregate purchase price of $1.25 million paid in cash.”

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