Planned use of net proceeds from convertible offering
Company: IREN
The claim, verbatim
IREN intends to use approximately $174.5 million of net proceeds to fund the cost of capped call transactions, with the remainder for general corporate purposes and working capital.
Source (primary)
iren 8-K exhibit (ef20073131_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “IREN intends to use approximately $174.5 million of the net proceeds to fund the cost of entering into the capped call transactions described below and the remainder of the net proceeds from the offering for general corporate purposes and working capital.”
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 iren 8-K exhibit (ef20073131_ex99-1.htm)
Quote: “IREN intends to use approximately $174.5 million of the net proceeds to fund the cost of entering into the capped call transactions described below and the remainder of the net proceeds from the offering for general corporate purposes and working capital.”