Google backstop default options and Raylan equity right
Company: TeraWulf
The claim, verbatim
On an Anthropic payment default or insolvency event, and following notice from Raylan, Google may pay rent currently due and assume the lease as tenant or, under certain circumstances, pay a termination fee that entitles it to acquire an equity interest in Raylan.
Source (primary)
TeraWulf 8-K filed 2026-11-04 (SEC EDGAR, sec_filing)
View cached copy (2026-11-05)Live source ↗
Quote: “Google will have the option to (i) pay all rent currently due under the applicable Justified Lease and assume the Justified Lease as the tenant thereunder, or (ii) under certain circumstances, pay a certain termination fee pursuant to the applicable Google Credit Support Agreement; provided that upon payment of such termination fee, Google would be entitled to acquire an equity interest in Raylan.”
How we checked this
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Additional evidence
confirms TeraWulf 8-K filed 2026-11-04
Quote: “Google will have the option to (i) pay all rent currently due under the applicable Justified Lease and assume the Justified Lease as the tenant thereunder, or (ii) under certain circumstances, pay a certain termination fee pursuant to the applicable Google Credit Support Agreement; provided that upon payment of such termination fee, Google would be entitled to acquire an equity interest in Raylan.”