Capped call transactions for convertible notes hedge
Company: IREN
The claim, verbatim
IREN entered into capped call transactions expected to provide a hedge upon conversions up to an initial cap price of $110.30 per share, representing a 100% premium over 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: “Capped call transactions entered into in connection with the notes, which are expected generally to provide a hedge upon conversions up to an initial cap price of $110.30 per share, which represents a 100% premium (as compared to the 32.5% conversion premium under the notes)”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the cap price, the hedge purpose, and the 100% premium over the May 11, 2026 price.
Confirmed in the source:
- IREN entered into capped call transactions as a hedge upon conversions
- The initial cap price is $110.30 per share
- The cap represents a 100% premium over the $55.15 May 11, 2026 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: “Capped call transactions entered into in connection with the notes, which are expected generally to provide a hedge upon conversions up to an initial cap price of $110.30 per share, which represents a 100% premium (as compared to the 32.5% conversion premium under the notes)”