Convertible Notes redemption option
Company: IREN
The claim, verbatim
Company has right to redeem Convertible Notes in whole or in part on or after December 20, 2027, subject to conditions regarding tradability and stock price performance
Source (primary)
IREN 6-K filed 2024-12-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Convertible Notes will be redeemable, in whole or in part (subject to certain limitations described below), at the Company's option at any time, and from time to time, on or after December 20, 2027 and on or before the 30th scheduled trading day immediately before the maturity date”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives the December 20, 2027 optional redemption start date and conditions on free tradability and share price performance.
Confirmed in the source:
- IREN may redeem the notes in whole or in part at its option on or after December 20, 2027
- Redemption requires the notes to be freely tradable
- Redemption requires the share price to exceed 130% of the conversion price for a specified period
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 Convertible Notes will be redeemable, in whole or in part (subject to certain limitations described below), at the Company's option at any time, and from time to time, on or after December 20, 2027 and on or before the 30th scheduled trading day immediately before the maturity date”