Yorkville Convertible Promissory Note Advance
Company: TeraWulf
The claim, verbatim
Company received $15 million convertible promissory note with maturity date of November 25, 2022, 4% annual interest, and conversion price of $3.75 per share
Source (primary)
TeraWulf 424B5 filed 2022-06-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “on June 2, 2022, the Company received an advance from YA in the form of a convertible promissory note in an aggregate principal amount of $15 million...The Advance has a maturity date of November 25, 2022 (the "Maturity Date") and accrues annual interest at a rate of 4%. The Advance is convertible into shares of Common Stock at YA's option at a conversion price of $3.75”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 424B5 filed 2022-06-13
Quote: “on June 2, 2022, the Company received an advance from YA in the form of a convertible promissory note in an aggregate principal amount of $15 million...The Advance has a maturity date of November 25, 2022 (the "Maturity Date") and accrues annual interest at a rate of 4%. The Advance is convertible into shares of Common Stock at YA's option at a conversion price of $3.75”