Use of proceeds for capped call transaction costs
Company: IREN
The claim, verbatim
Intends to use $201.0 million of offering proceeds to fund cost of entering into capped call transactions
Source (primary)
iren 8-K exhibit (ef20060782_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-24)Live source ↗
Quote: “to fund the $201.0 million cost of entering into the capped call transactions”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The use-of-proceeds section lists funding the $201.0 million capped call cost as an intended use of the net proceeds.
Confirmed in the source:
- IREN intends to use offering proceeds to fund the $201.0 million cost of entering into the capped call transactions
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/ef20060782_ex99-1.htm) in full (11,033 characters, retrieved September 24, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20060782_ex99-1.htm)
Quote: “to fund the $201.0 million cost of entering into the capped call transactions”