Conversion terms for convertible notes
Company: IREN
The claim, verbatim
The initial conversion rate is 13.6848 ordinary shares per $1,000 principal amount, representing an initial conversion price of approximately $73.07 per share, a 32.5% premium to the May 11, 2026 closing price.
Source (primary)
iren 8-K exhibit (ef20073131_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-07)Live source ↗
Quote: “The initial conversion rate is 13.6848 ordinary shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $73.07 per ordinary share. The initial conversion price represents a premium of approximately 32.5% over the last reported sale price of $55.15 per share of IREN's ordinary shares on May 11, 2026.”
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: “The initial conversion rate is 13.6848 ordinary shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $73.07 per ordinary share. The initial conversion price represents a premium of approximately 32.5% over the last reported sale price of $55.15 per share of IREN's ordinary shares on May 11, 2026.”