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Issued 8.5M shares to Somerset in connection with lease amendment

Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory

Subject kind
financing
Statement date
2022-09-01
Current status
stated

The claim, verbatim

On September 2, 2022, TeraWulf issued 8,510,638 shares to Somerset in lieu of cash in connection with a Second Amendment to Lease Agreement dated July 1, 2022, between Somerset and Lake Mariner Data LLC, a TeraWulf subsidiary

Source (primary)

TeraWulf SC 13D/A filed 2022-09-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “On September 2, 2022, the Issuer issued 8,510,638 shares to Somerset in lieu of cash in connection with that certain Second Amendment to Lease Agreement, dated as of July 1, 2022, between Somerset and Lake Mariner Data LLC, a subsidiary of the Issuer.”

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/1083301/000108330122000034/tmb-20220902xsc13da.htm) in full (19,668 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms TeraWulf SC 13D/A filed 2022-09-02

Quote: “On September 2, 2022, the Issuer issued 8,510,638 shares to Somerset in lieu of cash in connection with that certain Second Amendment to Lease Agreement, dated as of July 1, 2022, between Somerset and Lake Mariner Data LLC, a subsidiary of the Issuer.”

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