Capped call hedging transactions
Company: IREN
The claim, verbatim
IREN entered into capped call transactions relating to the convertible notes with an initial cap price of $82.24 per share (100% premium over $41.12 reference price) at an estimated cost of $174.8 million
Source (primary)
iren 8-K exhibit (ny20060080x4_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-24)Live source ↗
Quote: “IREN entered into privately negotiated capped call transactions... The cap price of the capped call transactions relating to the 2032 notes is initially $82.24 per share, which represents a premium of 100%... to fund the $174.8 million cost of entering into the capped call transactions”
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 8-K exhibit (ny20060080x4_ex99-1.htm)
Quote: “IREN entered into privately negotiated capped call transactions... The cap price of the capped call transactions relating to the 2032 notes is initially $82.24 per share, which represents a premium of 100%... to fund the $174.8 million cost of entering into the capped call transactions”