Primary public stock offering proceeds
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
No later passage reports the proceeds from the April 2022 offering of 2,985,966 shares.
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
TeraWulf will receive approximately $20.0 million in gross proceeds from offering 2,985,966 shares at $6.698 per share
Source (primary)
TeraWulf 424B5 filed 2022-04-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “which will result in approximately $20.0 million of proceeds to us, before offering expenses and assuming no exercise by the underwriter of the option described below”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The share count, $6.698 price and roughly $20.0 million figure all match the filing. The filing does not call this amount gross proceeds; it describes it as proceeds to the company before offering expenses, and elsewhere as net proceeds.
Confirmed in the source:
- TeraWulf is offering 2,985,966 shares of common stock
- The underwriter agreed to buy the shares from TeraWulf at $6.698 per share
- The sale will result in approximately $20.0 million of proceeds to TeraWulf, before offering expenses and assuming the underwriter's option is not exercised
We could not confirm this from the cited source:
- That the approximately $20.0 million is gross proceeds (the document calls it proceeds before offering expenses, and in its Use of Proceeds section calls it net proceeds, after the underwriter's purchase-price discount)
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/1083301/000110465922045550/tm2212158-3_424b5.htm) in full (258,880 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2022-04-13
Quote: “which will result in approximately $20.0 million of proceeds to us, before offering expenses and assuming no exercise by the underwriter of the option described below”