Convertible Notes conversion price and maximum shares
Company: IREN
The claim, verbatim
Initial conversion price of approximately $16.81 per ordinary share with conversion rate of 59.4919 shares per $1,000 principal; up to 34,029,380 ordinary shares may be issued upon conversion
Source (primary)
IREN 6-K filed 2024-12-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The initial conversion rate is 59.4919 ordinary shares per $1,000 principal amount of Convertible Notes, which represents an initial conversion price of approximately $16.81 per ordinary share. ... Initially, a maximum of 34,029,380 ordinary shares may be issued upon conversion of the Convertible Notes.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states the conversion rate, the conversion price and the 34,029,380-share maximum; the maximum is based on a higher maximum conversion rate of 77.3395 shares per $1,000.
Confirmed in the source:
- The initial conversion rate is 59.4919 ordinary shares per $1,000 principal amount
- The initial conversion price is approximately $16.81 per ordinary share
- Initially, a maximum of 34,029,380 ordinary shares may be issued upon conversion
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036124048698/ef20039649_6k.htm) in full (20,145 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2024-12-06
Quote: “The initial conversion rate is 59.4919 ordinary shares per $1,000 principal amount of Convertible Notes, which represents an initial conversion price of approximately $16.81 per ordinary share. ... Initially, a maximum of 34,029,380 ordinary shares may be issued upon conversion of the Convertible Notes.”