Warrant issuance to lenders
Company: TeraWulf
What the later record shows
Not a promise: a reported event · happened July 1, 2022
The claim reports that the warrant agreement for lender warrants was entered into on July 1, 2022, before the claim was made. A later S-3 confirms lender warrants exist under an amended and restated agreement, but it registers a different share count (2,667,678).
“2,667,678 shares of our common stock issuable upon exercise of certain warrants issued to the Company’s lenders”
2022-11-24 · TeraWulf S-3 filed 2022-11-25 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Issued warrants for 5,787,732 shares with $0.01 exercise price, exercisable beginning September 29, 2022 through December 31, 2025
Source (primary)
TeraWulf S-3/A filed 2022-08-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On July 1, 2022, the Company entered into the Warrant Agreement to issue Warrants to the lenders under its amendment to the Loan, Guaranty and Security Agreement...The Warrants are exercisable beginning on September 29, 2022 and will expire on December 31, 2025”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus states the warrants entitle holders to 5,787,732 shares at an initial $0.01 exercise price, exercisable from September 29, 2022 and expiring December 31, 2025, and were issued to lenders under the July 1, 2022 Warrant Agreement.
Confirmed in the source:
- TeraWulf issued warrants to lenders under an amendment to its Loan, Guaranty and Security Agreement via a Warrant Agreement dated July 1, 2022
- The warrants cover an aggregate of 5,787,732 shares of common stock
- The warrants have an initial exercise price of $0.01 per share, subject to adjustment
- The warrants are exercisable beginning September 29, 2022
- The warrants expire on December 31, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330122000017/tmb-20220803xs3a.htm) in full (71,946 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3/A filed 2022-08-04
Quote: “On July 1, 2022, the Company entered into the Warrant Agreement to issue Warrants to the lenders under its amendment to the Loan, Guaranty and Security Agreement...The Warrants are exercisable beginning on September 29, 2022 and will expire on December 31, 2025”