$15 million convertible promissory note advance
Company: TeraWulf
What the later record shows
Not a promise: a reported event
The claim reports that a $15 million convertible note advance from Yorkville had already been received; the claim does not give an exact receipt date. No passage addresses repayment or conversion by the November 25, 2022 maturity.
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
Received $15 million principal convertible promissory note at 4% annual interest, convertible at $3.75 per share, maturing November 25, 2022
Source (primary)
TeraWulf 8-K filed 2022-06-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company received an advance from Yorkville 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... and accrues annual interest at a rate of 4%... at a conversion price of $3.75”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that on June 2, 2022 TeraWulf received a $15 million principal convertible promissory note from Yorkville bearing 4% annual interest, convertible at $3.75 per share and maturing November 25, 2022. Every element of the claim appears in the filing.
Confirmed in the source:
- TeraWulf received an advance from Yorkville in the form of a convertible promissory note with an aggregate principal amount of $15 million
- The note accrues annual interest at a rate of 4%
- The note is convertible into TeraWulf common stock at a conversion price of $3.75 per share
- The note matures on November 25, 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330122000006/wulf-20220602x8k.htm) in full (10,325 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-06-08
Quote: “the Company received an advance from Yorkville 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... and accrues annual interest at a rate of 4%... at a conversion price of $3.75”