Initial conversion price ~$12.43/share
Company: TeraWulf
The claim, verbatim
The initial conversion rate is 80.4602 shares per $1,000 principal, equivalent to approximately $12.43 per share, a ~32.50% premium to the $9.38 close.
Source (primary)
terawulf 8-K exhibit (tm2523651d4_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-05)Live source ↗
Quote: “The conversion rate will initially be 80.4602 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $12.43 per share of the common stock)”
How we checked this
Checked on October 6, 2026. The cited source supports every part of this claim.
The release gives the 80.4602 conversion rate, the roughly $12.43 conversion price, and the approximately 32.50% premium to the $9.38 close.
Confirmed in the source:
- The initial conversion rate is 80.4602 shares per $1,000 principal amount
- This equals an initial conversion price of approximately $12.43 per share
- The conversion price is about a 32.50% premium to the $9.38 closing price
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079960/tm2523651d4_ex99-1.htm) in full (13,479 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d4_ex99-1.htm)
Quote: “The conversion rate will initially be 80.4602 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $12.43 per share of the common stock)”