Earnout from future Nautilus sale
Company: TeraWulf
The claim, verbatim
If Nautilus is sold in the future for proceeds exceeding $300,000,000, Cumulus Member will pay TeraWulf 25% of the net proceeds in excess of that threshold
Source (primary)
TeraWulf 8-K filed 2024-10-03 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Cumulus Member will pay 25% of the net proceeds received in excess of $300,000,000 in the aggregate in any future sale of all or substantially all of the assets, or a majority of the equity interests of Nautilus”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 8-K filed 2024-10-03
Quote: “Cumulus Member will pay 25% of the net proceeds received in excess of $300,000,000 in the aggregate in any future sale of all or substantially all of the assets, or a majority of the equity interests of Nautilus”