jain.com

3M shares in prepaid forward contract

Company: TeraWulf

Subject kind
financing
Statement date
2026-09-22
Promised amount
52350000.0 USD
Current status
stated

The claim, verbatim

3,000,000 shares of TeraWulf common stock are covered by a prepaid forward contract with an aggregate market value of $52,350,000

Source (primary)

Up to 3M TeraWulf (WULF) shares enter cash-settle prepaid forward - Stock Titan (-, news_article)
View cached copy (2026-09-23)Live source ↗

Quote: “Paul Prager has entered into a prepaid forward contract with an unaffiliated bank, which relates to up to the number of shares of Common Stock specified above. Aggregate Market Value $52,350,000.00”

How we checked this

Checked on September 26, 2026. The cited source supports every part of this claim.

The filing lists 3,000,000 shares with an aggregate market value of $52,350,000.00. It says the prepaid forward contract relates to up to that number of shares, so 3,000,000 is a ceiling rather than a fixed amount.

Confirmed in the source:

What we did: Read our cached copy of the publisher (https://www.stocktitan.net/sec-filings/WULF/144-terawulf-inc-sec-filing-72adf56edbc1.html) in full (14,233 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Up to 3M TeraWulf (WULF) shares enter cash-settle prepaid forward - Stock Titan

Quote: “Paul Prager has entered into a prepaid forward contract with an unaffiliated bank, which relates to up to the number of shares of Common Stock specified above. Aggregate Market Value $52,350,000.00”

View cached copy (2026-09-23)Live source ↗