Capped call transactions to limit dilution
Company: IREN
The claim, verbatim
IREN expects to enter into privately negotiated capped call transactions with option counterparties covering the ordinary shares initially underlying the notes. These are expected to reduce potential dilution on conversion, subject to a cap price, and will be cash-settled only until shareholder approval for share repurchases is obtained.
Source (primary)
iren 8-K exhibit (ef20056749_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-29)Live source ↗
Quote: “IREN expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and/or one or more other financial institutions”
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 (ef20056749_ex99-1.htm)
Quote: “IREN expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and/or one or more other financial institutions”