Underwritten common stock offering
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
No passage states that the JonesTrading underwritten offering of 36,764,706 shares closed. P2 reports $32.4M of qualifying equity raised by February 14, 2023, but does not attribute it to this offering.
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
Entered into Underwriting Agreement for offering of 36,764,706 shares of common stock with estimated gross proceeds of approximately $25 million, closing expected on or about February 6, 2023
Source (primary)
TeraWulf 8-K filed 2023-02-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On February 1, 2023, TeraWulf Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") with JonesTrading Institutional Services LLC, as representative of the several underwriters (the "Underwriters"), relating to an underwritten offering of 36,764,706 shares (the "Company Shares") of its $0.001 par value common stock (the "Offering"). The Company estimates that gross proceeds from the Offering will be approximately $25 million, before deducting underwriting discounts and commissions and estimated Offering expenses, and assuming no exercise of the Underwriters' over-allotment option. The closing of the offering is expected to take place on or about February 6, 2023, subject to the satisfaction of customary closing conditions.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the underwriting agreement, the 36,764,706-share size, the approximately $25 million gross proceeds estimate, and the expected February 6, 2023 closing date.
Confirmed in the source:
- TeraWulf entered into an Underwriting Agreement (dated February 1, 2023, with JonesTrading Institutional Services LLC as representative of the underwriters)
- The offering covered 36,764,706 shares of common stock
- Estimated gross proceeds of approximately $25 million (before underwriting discounts, commissions and expenses, assuming no over-allotment exercise)
- Closing was expected on or about February 6, 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465923009630/tm234924d3_8k.htm) in full (13,111 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2023-02-02
Quote: “On February 1, 2023, TeraWulf Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") with JonesTrading Institutional Services LLC, as representative of the several underwriters (the "Underwriters"), relating to an underwritten offering of 36,764,706 shares (the "Company Shares") of its $0.001 par value common stock (the "Offering"). The Company estimates that gross proceeds from the Offering will be approximately $25 million, before deducting underwriting discounts and commissions and estimated Offering expenses, and assuming no exercise of the Underwriters' over-allotment option. The closing of the offering is expected to take place on or about February 6, 2023, subject to the satisfaction of customary closing conditions.”