Term Loan First Draw - $7.5 Million
Company: TeraWulf
The claim, verbatim
Drew $7.5 million as first tranche of delayed draw term loans under amended loan agreement on October 7, 2022
Source (primary)
TeraWulf 8-K filed 2022-10-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The first tranche of $7,500,000 was borrowed upon the effectiveness of the Third Amendment on October 7, 2022.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the first $7.5 million tranche was borrowed on October 7, 2022.
Confirmed in the source:
- a first tranche of $7,500,000 was drawn under the amended loan agreement
- the draw occurred on October 7, 2022 upon effectiveness of the Third Amendment
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330122000045/wulf-20221006x8k.htm) in full (9,770 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-10-12
Quote: “The first tranche of $7,500,000 was borrowed upon the effectiveness of the Third Amendment on October 7, 2022.”