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Series A Convertible Preferred Stock offering

Company: TeraWulf

Subject kind
financing
Statement date
2022-03-15
Promised amount
10000000.0 USD
Current status
stated

The claim, verbatim

TeraWulf sold 10,000 shares of Series A Convertible Preferred Stock for an aggregate purchase price of $10.0 million

Source (primary)

TeraWulf 8-K filed 2022-03-16 (SEC EDGAR, sec_filing)
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Quote: “Pursuant to the Subscription Agreements, the Company sold 10,000 shares (the "Preferred Shares") of Series A Convertible Preferred Stock, par value $0.001 per share (the "Convertible Preferred Stock"), which are convertible into shares of common stock, par value $0.001 per share (such converted shares, the "Underlying Common Shares" ), to the Purchasers for an aggregate purchase price of $10.0 million.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms TeraWulf 8-K filed 2022-03-16

Quote: “Pursuant to the Subscription Agreements, the Company sold 10,000 shares (the "Preferred Shares") of Series A Convertible Preferred Stock, par value $0.001 per share (the "Convertible Preferred Stock"), which are convertible into shares of common stock, par value $0.001 per share (such converted shares, the "Underlying Common Shares" ), to the Purchasers for an aggregate purchase price of $10.0 million.”

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