Initial conversion price $16.81
Company: IREN
The claim, verbatim
The initial conversion rate is 59.4919 shares per $1,000 principal, an initial conversion price of about $16.81 per share, roughly a 30% premium to the $12.93 last sale price.
Source (primary)
iren 8-K exhibit (ef20039452_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “The initial conversion rate is 59.4919 ordinary shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $16.81 per ordinary share.”
How we checked this
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Additional evidence
confirms iren 8-K exhibit (ef20039452_ex99-2.htm)
Quote: “The initial conversion rate is 59.4919 ordinary shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $16.81 per ordinary share.”