Capped call transactions with $20.98 cap price
Company: IREN
The claim, verbatim
IREN entered into capped call transactions with an initial cap price of $20.98 per share, a 100% premium to the last reported sale price, to reduce potential dilution on conversion.
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: “The cap price of the capped call transactions is initially $20.98 per share, which represents a premium of 100% over the last reported sale price”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The document states the capped calls, the $20.98 cap at a 100% premium, and that they are expected generally to reduce potential dilution on conversion.
Confirmed in the source:
- IREN entered into capped call transactions in connection with the notes
- The initial cap price is $20.98 per share
- The cap price represents a 100% premium over the last reported sale price
- The capped calls are expected generally to reduce potential dilution upon conversion of the notes
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: “The cap price of the capped call transactions is initially $20.98 per share, which represents a premium of 100% over the last reported sale price”