Private placement from existing investors
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
None of the later passages mention the $5.0 million private placement at $7.88 per share or whether it closed alongside the April 2022 offering.
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
Existing investors have agreed to purchase $5.0 million of common stock at $7.88 per share, expected to close concurrent with primary offering
Source (primary)
TeraWulf 424B5 filed 2022-04-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Certain of our existing investors have agreed to purchase $5,000,000 of our shares of our Common Stock, at a price of $7.88 per share”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus cover states that existing investors agreed to buy $5 million of stock at $7.88 per share in a private offering. It also says that offering is expected to close before or at the same time as the public offering.
Confirmed in the source:
- Certain existing investors agreed to purchase $5,000,000 of TeraWulf common stock
- The purchase price is $7.88 per share, the last reported Nasdaq sale price on April 11, 2022
- The private offering is expected to close prior to or concurrently with the closing of the underwritten offering
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: “Certain of our existing investors have agreed to purchase $5,000,000 of our shares of our Common Stock, at a price of $7.88 per share”