Initial conversion price ~$13.64/share
Company: IREN
The claim, verbatim
Initial conversion rate is 73.3229 shares per $1,000 principal, an initial conversion price of about $13.64 per share, roughly a 30% premium to the $10.49 close on June 10, 2025.
Source (primary)
iren 8-K exhibit (ef20050462_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-13)Live source ↗
Quote: “which represents an initial conversion price of approximately $13.64 per ordinary share”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The document gives the conversion rate, conversion price, and the roughly 30% premium over the $10.49 June 10, 2025 last reported sale price.
Confirmed in the source:
- The initial conversion rate is 73.3229 ordinary shares per $1,000 principal amount
- The initial conversion price is approximately $13.64 per share
- The conversion price is a premium of approximately 30% over IREN's last reported sale price of $10.49 on June 10, 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125022117/ef20050462_ex99-1.htm) in full (18,037 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20050462_ex99-1.htm)
Quote: “which represents an initial conversion price of approximately $13.64 per ordinary share”