Redemption terms for convertible notes
Company: IREN
The claim, verbatim
The notes will be redeemable at IREN's option on or after June 6, 2030, if the stock price exceeds 130% of the conversion price for a specified period.
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 notes will be redeemable, in whole or in part (subject to certain limitations), for cash at IREN's option, on or after June 6, 2030 and on or before the 30th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of IREN's ordinary shares exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the redemption date and the 130% price condition.
Confirmed in the source:
- The notes are redeemable at IREN's option on or after June 6, 2030
- Redemption requires the stock price to exceed 130% of the conversion price for a specified period
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 notes will be redeemable, in whole or in part (subject to certain limitations), for cash at IREN's option, on or after June 6, 2030 and on or before the 30th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of IREN's ordinary shares exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied.”