Prepaid forward share repurchase of ~$92.5M
Company: IREN
The claim, verbatim
IREN entered into a prepaid forward transaction under which it will purchase approximately $92.5 million of its ordinary shares, settling shortly after the notes' maturity date, subject to early settlement.
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: “pursuant to which IREN will purchase approximately $92.5 million of its ordinary shares (based on the last reported sale price of IREN's ordinary shares on the pricing date), for settlement on the date that is shortly after the maturity date of the notes”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The prepaid forward section states the $92.5 million share purchase, settlement shortly after maturity, and the possibility of early settlement.
Confirmed in the source:
- IREN entered into a prepaid forward share purchase transaction
- Under it IREN will purchase approximately $92.5 million of its ordinary shares
- Settlement is shortly after the notes' maturity date
- Settlement is subject to early settlement in whole or in part
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: “pursuant to which IREN will purchase approximately $92.5 million of its ordinary shares (based on the last reported sale price of IREN's ordinary shares on the pricing date), for settlement on the date that is shortly after the maturity date of the notes”