Net Proceeds from Offering
Company: TeraWulf
The claim, verbatim
Net proceeds estimated at $414.9 million after deducting discounts and commissions but before offering expenses
Source (primary)
TeraWulf 8-K filed 2024-10-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company estimates that the net proceeds of the offering will be approximately $414.9 million (or approximately $488.1 million if the initial purchasers exercise in full their option to purchase additional notes), after deducting the initial purchasers' discounts and commissions but before estimated offering expenses payable by the Company”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives estimated net proceeds of about $414.9 million, calculated after discounts and commissions but before offering expenses.
Confirmed in the source:
- Net proceeds of the offering are estimated at approximately $414.9 million
- The estimate is after deducting the initial purchasers' discounts and commissions
- The estimate is before estimated offering expenses payable by the company
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000095014224002628/eh240548495_8k.htm) in full (6,574 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2024-10-24
Quote: “The Company estimates that the net proceeds of the offering will be approximately $414.9 million (or approximately $488.1 million if the initial purchasers exercise in full their option to purchase additional notes), after deducting the initial purchasers' discounts and commissions but before estimated offering expenses payable by the Company”