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
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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”