Warrant issuance to lenders
Company: TeraWulf
What the later record shows
Not a promise: a reported event · happened July 1, 2022
The claim reports lender warrants already issued on July 1, 2022. It is not a forward commitment.
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 5,787,732 warrants to lenders on July 1, 2022 with exercise price of $0.01 per share, exercisable beginning September 29, 2022 and expiring December 31, 2025
Source (primary)
TeraWulf S-3 filed 2022-07-21 (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...The Warrants entitle the holders thereof to acquire an aggregate of 5,787,732 shares of our Common Stock. The Warrants have an initial exercise price of $0.01 per share...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 part of this claim, but not all of it.
The filing confirms the July 1, 2022 Warrant Agreement with the lenders, the $0.01 exercise price, and the September 29, 2022 to December 31, 2025 exercise window. The 5,787,732 figure is stated as the number of underlying shares, and the filing never gives a count of the warrants themselves.
Confirmed in the source:
- TeraWulf entered into a Warrant Agreement on July 1, 2022 to issue warrants to the lenders under an amendment to its Loan, Guaranty and Security Agreement
- The warrants entitle holders to acquire an aggregate of 5,787,732 shares of TeraWulf 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
We could not confirm this from the cited source:
- That exactly 5,787,732 warrants were issued; the filing gives 5,787,732 as the number of shares the warrants can be exercised for, not as the number of warrants
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330122000015/tmb-20220721xs3.htm) in full (70,604 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3 filed 2022-07-21
Quote: “On July 1, 2022, the Company entered into the Warrant Agreement to issue Warrants to the lenders...The Warrants entitle the holders thereof to acquire an aggregate of 5,787,732 shares of our Common Stock. The Warrants have an initial exercise price of $0.01 per share...The Warrants are exercisable beginning on September 29, 2022 and will expire on December 31, 2025.”