Prepaid forward share purchase transaction
Company: IREN
The claim, verbatim
Company entered into prepaid forward share purchase transaction to purchase approximately $73.7 million of ordinary shares for settlement shortly after maturity of Convertible Notes
Source (primary)
IREN 6-K filed 2024-12-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company entered into a prepaid forward share purchase transaction (the "Prepaid Forward Transaction") with one of the initial purchasers of the Convertible Notes or its affiliate (the "Forward Counterparty"), pursuant to which the Company purchased approximately $73.7 million of its ordinary shares (based on the last reported sale price of the ordinary shares on the pricing date), for settlement shortly after the maturity date of the Convertible Notes”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing describes the prepaid forward purchase of approximately $73.7 million of shares for settlement shortly after the notes mature, subject to early settlement.
Confirmed in the source:
- IREN entered into a prepaid forward share purchase transaction
- The transaction covered approximately $73.7 million of IREN's ordinary shares
- Settlement is shortly after the maturity date of the Convertible Notes
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 Company entered into a prepaid forward share purchase transaction (the "Prepaid Forward Transaction") with one of the initial purchasers of the Convertible Notes or its affiliate (the "Forward Counterparty"), pursuant to which the Company purchased approximately $73.7 million of its ordinary shares (based on the last reported sale price of the ordinary shares on the pricing date), for settlement shortly after the maturity date of the Convertible Notes”