Warrant grant - 4.25% dilution
Company: TeraWulf
The claim, verbatim
Third tranche warrants to purchase shares equal to 4.25% of fully diluted equity will be issued with additional draws under the New Term Facility
Source (primary)
TeraWulf 8-K filed 2022-07-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “subsequent tranches to purchase an aggregate number of shares of the Company's common stock equal to dilution of 3.75% and 4.25% of the fully diluted equity of the Company, respectively, will be issued in connection with additional draws under the New Term Facility”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document lists 4.25% as one of the subsequent-tranche dilution figures issued with additional draws.
Confirmed in the source:
- Subsequent-tranche warrants equal to 4.25% dilution of fully diluted equity will be issued with additional draws under the New Term Facility
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: “subsequent tranches to purchase an aggregate number of shares of the Company's common stock equal to dilution of 3.75% and 4.25% of the fully diluted equity of the Company, respectively, will be issued in connection with additional draws under the New Term Facility”