Warrants to lenders at $1.00 exercise price
Company: TeraWulf
The claim, verbatim
As condition of Fifth Amendment effectiveness, Company to issue warrants to lenders equal to 5% of fully diluted equity with $1.00 exercise price
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 warrants to the lenders to purchase an aggregate number of shares of common stock equal to 5% of the Company's fully diluted equity determined as of the Fifth Amendment effective date with an exercise price of $1.00”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states this warrant issuance equal to 5% of fully diluted equity with a $1.00 exercise price.
Confirmed in the source:
- As a condition of Fifth Amendment effectiveness, TeraWulf is to issue warrants to its lenders equal to 5% of fully diluted equity
- Those warrants have a $1.00 exercise price
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 warrants to the lenders to purchase an aggregate number of shares of common stock equal to 5% of the Company's fully diluted equity determined as of the Fifth Amendment effective date with an exercise price of $1.00”