Existing investor equity purchase
Company: TeraWulf
The claim, verbatim
Existing investors have agreed to purchase $5 million of common stock at $7.88 per share, expected to close prior to or concurrent with the main offering
Source (primary)
TeraWulf 424B5 filed 2022-04-12 (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 (the last reported sale price of our Common Stock on the Nasdaq on April 8, 2022) in a private offering, which is expected to close prior to or concurrently with the closing of this offering.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The prospectus states existing investors agreed to buy $5,000,000 of common stock at $7.88 per share in a private offering expected to close prior to or concurrently with this 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 purchase is expected to close prior to or concurrently with the closing of this offering
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922044794/tm2212158-1_424b5.htm) in full (259,095 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2022-04-12
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 (the last reported sale price of our Common Stock on the Nasdaq on April 8, 2022) in a private offering, which is expected to close prior to or concurrently with the closing of this offering.”