Private exchange of shares for warrants with Paul Prager entity
Company: TeraWulf
The claim, verbatim
Exchanged 12,000,000 common shares for 12,000,000 new warrants with strike price of $0.00001 per share, exercisable after shareholder approval of Charter Amendments and expiring December 31, 2023
Source (primary)
TeraWulf 8-K filed 2023-02-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Pursuant to the Exchange Agreement, the Exchanging Shareholder exchanged a total of 12,000,000 shares of common stock for 12,000,000 new warrants issued by the Company (the "New Exchange Warrants") in a private exchange exempt from registration under Section 4(a)(2) and/or Regulation D under the Securities Act. The New Exchange Warrants will be immediately exercisable at a strike price of $0.00001 per share after the date shareholder approval of the Charter Amendments is obtained and will expire on December 31, 2023.”
How we checked this
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Additional evidence
confirms TeraWulf 8-K filed 2023-02-02
Quote: “Pursuant to the Exchange Agreement, the Exchanging Shareholder exchanged a total of 12,000,000 shares of common stock for 12,000,000 new warrants issued by the Company (the "New Exchange Warrants") in a private exchange exempt from registration under Section 4(a)(2) and/or Regulation D under the Securities Act. The New Exchange Warrants will be immediately exercisable at a strike price of $0.00001 per share after the date shareholder approval of the Charter Amendments is obtained and will expire on December 31, 2023.”