Proceeds to fund prepaid forward share purchase
Company: IREN
The claim, verbatim
IREN intends to use approximately $92.5 million of net proceeds to fund a prepaid forward transaction to purchase its ordinary shares, settling shortly after the notes' maturity.
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 $92.5 million to fund the cost of the prepaid forward transaction”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The document allocates about $92.5 million to the prepaid forward share purchase of IREN ordinary shares, settling shortly after the notes' maturity subject to early settlement.
Confirmed in the source:
- IREN intends to use approximately $92.5 million of net proceeds to fund the cost of a prepaid forward transaction
- Under the prepaid forward transaction IREN purchased its ordinary shares
- The prepaid forward is for settlement shortly after the maturity date of the notes
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 $92.5 million to fund the cost of the prepaid forward transaction”