Capped call transactions with note pricing
Company: TeraWulf
The claim, verbatim
In connection with pricing the notes, TeraWulf expects to enter privately negotiated capped call transactions with initial purchasers and/or other financial institutions to reduce potential dilution, subject to a cap.
Source (primary)
terawulf 8-K exhibit (tm2523651d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “In connection with the pricing of the Convertible Notes, the Company expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the Convertible Notes and/or other financial institutions”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The release describes the capped calls, their counterparties, and their purpose of reducing potential dilution subject to a cap.
Confirmed in the source:
- In connection with pricing the notes, TeraWulf expects to enter privately negotiated capped call transactions
- Counterparties are expected to be one or more initial purchasers and/or other financial institutions
- The capped calls are expected generally to reduce potential dilution upon conversion, subject to a cap
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079466/tm2523651d1_ex99-1.htm) in full (10,920 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d1_ex99-1.htm)
Quote: “In connection with the pricing of the Convertible Notes, the Company expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the Convertible Notes and/or other financial institutions”