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No net share dilution below $18.41 share price

Company: TeraWulf

Subject kind
financing
Statement date
2024-10-24
Promised amount
18.41 USD
Current status
stated

The claim, verbatim

Combining the capped call, share repurchase and call feature, TeraWulf states it will not issue more net shares on conversion than it repurchased until the share price is 188% above the $6.40 reference price, or $18.41 per share.

Source (primary)

terawulf 8-K exhibit (eh240549125_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-25)Live source ↗

Quote: “the Company will not issue more net shares than were repurchased upon conversion, until the share price is +188% above the $6.40 reference price, or $18.41 per share”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms terawulf 8-K exhibit (eh240549125_ex9901.htm)

Quote: “the Company will not issue more net shares than were repurchased upon conversion, until the share price is +188% above the $6.40 reference price, or $18.41 per share”

View cached copy (2026-10-25)Live source ↗