Additional $50M term loan facility
Company: TeraWulf
What the later record shows
Not a promise: a reported event · happened July 1, 2022
The claim reports an amendment that had already been signed. The 10-K dates it July 1, 2022, and P6 says the first tranche was drawn at closing. The December 1, 2024 maturity is a loan term, not a promise.
“On July 1, 2022, the Company entered into an amendment to the LGSA. This amendment provides for an additional $50.0 million term loan facility”
2023-03-30 · TeraWulf 10-K filed 2023-03-31 View cached copy (2026-09-13)Live source ↗
“The First Amendment Term Loan represented the first tranche and was drawn at closing in July 2022”
2024-03-19 · TeraWulf 10-K filed 2024-03-20 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
Entered into amendment providing for an additional $50 million term loan facility with maturity date of December 1, 2024
Source (primary)
TeraWulf 8-K filed 2022-07-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The First Amendment provides for an additional $50 million term loan facility (the "New Term Facility"). The New Term Facility has a maturity date of December 1, 2024”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that TeraWulf's July 1, 2022 amendment added a $50 million term loan facility maturing December 1, 2024.
Confirmed in the source:
- TeraWulf entered into an amendment (the First Amendment) to its Loan, Guaranty and Security Agreement on July 1, 2022
- The amendment provides for an additional $50 million term loan facility
- The new term facility has a maturity date of December 1, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922076754/tm2220243d1_8k.htm) in full (7,344 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-07-01
Quote: “The First Amendment provides for an additional $50 million term loan facility (the "New Term Facility"). The New Term Facility has a maturity date of December 1, 2024”