Registered direct offering of ordinary shares
Company: IREN
The claim, verbatim
IREN intends to offer ordinary shares in a registered direct offering to a limited number of purchasers to fund repurchase of existing convertible notes, with gross proceeds expected to approximate the cash consideration for the repurchase
Source (primary)
iren 8-K exhibit (ny20060080x2_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-25)Live source ↗
Quote: “offer its ordinary shares in a registered direct offering, subject to market and other conditions, to a limited number of purchasers (the "Concurrent Equity Offering") to fund the Repurchase... The aggregate gross proceeds from the Concurrent Equity Offering are expected to approximate the aggregate cash consideration payable in connection with the Repurchase”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
IREN's December 1, 2025 press release states it intends to offer ordinary shares in a registered direct offering to a limited number of purchasers to fund the repurchase of existing convertible notes, with gross proceeds expected to approximate the repurchase's cash consideration.
Confirmed in the source:
- IREN announced its intention to offer its ordinary shares in a registered direct offering
- The registered direct offering is to a limited number of purchasers
- The offering is intended to fund the repurchase of a portion of IREN's existing convertible notes (3.25% notes due 2030 and 3.50% notes due 2029)
- Aggregate gross proceeds from the offering are expected to approximate the aggregate cash consideration payable for the repurchase
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125043803/ny20060080x2_ex99-1.htm) in full (15,338 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ny20060080x2_ex99-1.htm)
Quote: “offer its ordinary shares in a registered direct offering, subject to market and other conditions, to a limited number of purchasers (the "Concurrent Equity Offering") to fund the Repurchase... The aggregate gross proceeds from the Concurrent Equity Offering are expected to approximate the aggregate cash consideration payable in connection with the Repurchase”
confirms iren 8-K exhibit (ny20060080x2_ex99-2.htm)
Quote: “today announced its intention to commence a registered direct offering of ordinary shares (the "Offering") to a limited number of purchasers... The aggregate gross proceeds from the Offering are expected to approximate the aggregate cash consideration payable in connection with the Repurchase.”