Minimum equity ownership requirement in Nautilus
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Company may not own less than 25% of aggregate equity interests of Nautilus per loan covenant
Source (primary)
TeraWulf 8-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company may not own less than 25% of the aggregate equity interests of Nautilus”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The Second Amendment provides the Company may not own less than 25% of Nautilus's aggregate equity interests.
Confirmed in the source:
- The Company may not own less than 25% of the aggregate equity interests of Nautilus
- This restriction arises under the loan (Second Amendment to Loan Agreement)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330122000029/wulf-20220829x8k.htm) in full (9,834 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-08-29
Quote: “the Company may not own less than 25% of the aggregate equity interests of Nautilus”