Proceeds to fund capped call transactions
Company: IREN
The claim, verbatim
IREN intends to use approximately $53.8 million of net proceeds to fund the cost of capped call transactions. The capped calls have an initial cap price of $20.98 per share, a 100% premium.
Source (primary)
iren 8-K exhibit (ef20050570_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-13)Live source ↗
Quote: “Approximately $53.8 million to fund the cost of the capped call transactions”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The document lists $53.8 million for the capped calls and states an initial cap price of $20.98 per share, a 100% premium over the $10.49 last reported sale price.
Confirmed in the source:
- IREN intends to use approximately $53.8 million of net proceeds to fund the cost of the capped call transactions
- The capped calls have an initial cap price of $20.98 per share
- The cap price represents a 100% premium
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125022454/ef20050570_ex99-1.htm) in full (9,683 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20050570_ex99-1.htm)
Quote: “Approximately $53.8 million to fund the cost of the capped call transactions”