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
Checked on September 19, 2026. The cited source supports every part of this claim.
All conversion terms appear in the document.
Confirmed in the source:
- Initial conversion rate is 13.6848 ordinary shares per $1,000 principal amount
- Initial conversion price is approximately $73.07 per share
- This represents a 32.5% premium over the $55.15 May 11, 2026 last reported sale price
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036126020669/ef20073131_ex99-1.htm) in full (11,141 characters, retrieved September 7, 2026) and checked each assertion in the claim against it.
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.”