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
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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.”