B Class share redemption schedule and conditions
Company: IREN
The claim, verbatim
B Class shares will be redeemed by the company on the earliest of: voluntary director retirement, unremedied transfer in breach of Constitution, liquidation/winding up, or 12 years after Nasdaq listing (November 17, 2033)
Source (primary)
IREN 424B4 filed 2021-11-18 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Each outstanding B Class share will be redeemed by us on the earlier of (i) the voluntary director retirement of the individual founder associated with the holder; (ii) an unremedied transfer of B Class shares in breach of our Company's Constitution; (iii) liquidation or winding up of the Company; or (iv) the date which is 12 years after the Ordinary shares are listed on Nasdaq”
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 IREN 424B4 filed 2021-11-18
Quote: “Each outstanding B Class share will be redeemed by us on the earlier of (i) the voluntary director retirement of the individual founder associated with the holder; (ii) an unremedied transfer of B Class shares in breach of our Company's Constitution; (iii) liquidation or winding up of the Company; or (iv) the date which is 12 years after the Ordinary shares are listed on Nasdaq”