Convertible Preferred Stock annual dividend rate
Company: TeraWulf
The claim, verbatim
Holders will receive non-cash dividends at an annual rate of 10.0% on stated amount per share, accumulating daily and payable quarterly
Source (primary)
TeraWulf 8-K filed 2022-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Holders of the Convertible Preferred Stock will be entitled to receive non-cash dividends at an annual rate of 10.0% on the stated amount per share plus the amount of any accrued and unpaid dividends on such share, accumulating on a daily basis and payable quarterly”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the 10.0% non-cash annual dividend accumulating daily and payable quarterly.
Confirmed in the source:
- Holders receive non-cash dividends at an annual rate of 10.0% on the stated amount per share
- Dividends accumulate on a daily basis
- Dividends are payable quarterly
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922034249/tm222878d9_8k.htm) in full (12,246 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-03-16
Quote: “Holders of the Convertible Preferred Stock will be entitled to receive non-cash dividends at an annual rate of 10.0% on the stated amount per share plus the amount of any accrued and unpaid dividends on such share, accumulating on a daily basis and payable quarterly”