Initial conversion price ~$85.63 (42.5% premium)
Company: IREN
The claim, verbatim
The initial conversion rate is 11.6784 ordinary shares per $1,000 principal, an initial conversion price of approximately $85.63 per share, about a 42.5% premium over the $60.09 last reported sale price on October 8, 2025.
Source (primary)
iren 8-K exhibit (ef20056800_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-29)Live source ↗
Quote: “The initial conversion rate is 11.6784 ordinary shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $85.63 per ordinary share.”
How we checked this
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Additional evidence
confirms iren 8-K exhibit (ef20056800_ex99-1.htm)
Quote: “The initial conversion rate is 11.6784 ordinary shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $85.63 per ordinary share.”