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Direct unit placement with Bayshore

Company: TeraWulf

Subject kind
financing
Statement date
2022-10-13
Promised amount
2000000.0 USD
Current status
stated

The claim, verbatim

TeraWulf issued Units consisting of 1,587,302 shares of Common Stock and 1,587,302 warrants exercisable at $1.93 per share to Bayshore for aggregate purchase price of $2,000,000

Source (primary)

TeraWulf SC 13D/A filed 2022-10-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “On October 6, 2022, Bayshore, of which Bryan Pascual is the sole manager, purchased, directly from the Issuer, Units consisting of 1,587,302 shares of Common Stock and 1,587,302 warrants exercisable for an equal number of shares of Common Stock at an exercise price of $1.93 per share, at a price of $1.26 per Unit for an aggregate purchase price of $2,000,000.”

How we checked this

Attempted on September 22, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000187725222000006/tmb-20221014xsc13da.htm) in full (22,354 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms TeraWulf SC 13D/A filed 2022-10-14

Quote: “On October 6, 2022, Bayshore, of which Bryan Pascual is the sole manager, purchased, directly from the Issuer, Units consisting of 1,587,302 shares of Common Stock and 1,587,302 warrants exercisable for an equal number of shares of Common Stock at an exercise price of $1.93 per share, at a price of $1.26 per Unit for an aggregate purchase price of $2,000,000.”

View cached copy (2026-09-13)Live source ↗