Capped call transactions for 2033 convertible notes
Company: IREN
The claim, verbatim
IREN expects to enter into capped call transactions with financial institutions to cover the number of ordinary shares that will initially underlie the notes, with the purpose of reducing potential dilution upon conversion
Source (primary)
iren 8-K exhibit (ef20072983_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-07)Live source ↗
Quote: “In connection with the offering of the notes, IREN expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and/or one or more other financial institutions (the "option counterparties"). The capped call transactions are expected to cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that will initially underlie the notes.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document confirms the capped call transactions cover underlying shares and are meant to reduce dilution.
Confirmed in the source:
- IREN expects to enter into capped call transactions with financial institutions covering the shares initially underlying the notes
- The capped call transactions are intended to reduce potential dilution upon conversion
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036126020370/ef20072983_ex99-1.htm) in full (12,182 characters, retrieved September 7, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20072983_ex99-1.htm)
Quote: “In connection with the offering of the notes, IREN expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and/or one or more other financial institutions (the "option counterparties"). The capped call transactions are expected to cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that will initially underlie the notes.”