Penny warrants to lenders
Company: TeraWulf
The claim, verbatim
As condition of Fifth Amendment effectiveness, Company to issue penny warrants to lenders equal to 10% of fully diluted equity
Source (primary)
TeraWulf 424B5 filed 2023-02-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the issuance by the Company of penny warrants to the lenders to purchase an aggregate number of shares of common stock equal to 10% of the Company's fully diluted equity determined as of the Fifth Amendment effective date”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states this penny-warrant issuance equal to 10% of fully diluted equity as a Fifth Amendment condition.
Confirmed in the source:
- As a condition of Fifth Amendment effectiveness, TeraWulf is to issue penny warrants to its lenders
- The penny warrants equal 10% of the Company's fully diluted equity
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465923009269/tm234924-1_424b5.htm) in full (216,660 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2023-02-01
Quote: “the issuance by the Company of penny warrants to the lenders to purchase an aggregate number of shares of common stock equal to 10% of the Company's fully diluted equity determined as of the Fifth Amendment effective date”