Initial conversion price of $19.9375 per share
Company: TeraWulf
The claim, verbatim
The initial conversion price is approximately $19.9375 per share (50.1567 shares per $1,000 principal), representing a 37.5% premium to the October 29, 2025 closing price.
Source (primary)
terawulf 8-K exhibit (tm2529509d3_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “The conversion rate will initially be 50.1567 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $19.9375 per share of the common stock)”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The release states the conversion rate and price and that the price is about a 37.5% premium to the $14.50 closing price on October 29, 2025.
Confirmed in the source:
- The initial conversion rate is 50.1567 shares per $1,000 principal amount
- The initial conversion price is approximately $19.9375 per share
- The conversion price represents a premium of approximately 37.5% to the closing share price on October 29, 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925103923/tm2529509d3_ex99-1.htm) in full (9,931 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2529509d3_ex99-1.htm)
Quote: “The conversion rate will initially be 50.1567 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $19.9375 per share of the common stock)”