Series A Convertible Preferred Stock issuance
Company: TeraWulf
The claim, verbatim
On March 15, 2022, TeraWulf issued 2,500 shares of Series A Convertible Preferred Stock at $1,000 per share, each convertible into 100 shares of common stock.
Source (primary)
TeraWulf SC 13D/A filed 2022-03-22 (SEC EDGAR, sec_filing)
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Quote: “On March 15, 2022, the BJP Revocable Trust dated December 10, 2021 (the " BJP Revocable Trust "), of which Mr. Bryan Pascual is the sole trustee and sole lifetime beneficiary, purchased 2,500 shares of the Issuer's Series A Convertible Preferred Stock at a price of $1,000 per share directly from the Issuer. Each share of Series A Convertible Preferred Stock is convertible into Common Stock, at a rate of 100 shares per $1,000 of liquidation preference.”
How we checked this
Additional evidence
confirms TeraWulf SC 13D/A filed 2022-03-22
Quote: “On March 15, 2022, the BJP Revocable Trust dated December 10, 2021 (the " BJP Revocable Trust "), of which Mr. Bryan Pascual is the sole trustee and sole lifetime beneficiary, purchased 2,500 shares of the Issuer's Series A Convertible Preferred Stock at a price of $1,000 per share directly from the Issuer. Each share of Series A Convertible Preferred Stock is convertible into Common Stock, at a rate of 100 shares per $1,000 of liquidation preference.”