Intended use of proceeds from convertible notes offering
Company: IREN
The claim, verbatim
IREN intends to use a portion of net proceeds to fund capped call transactions and the remainder for general corporate purposes and working capital
Source (primary)
iren 8-K exhibit (ef20072983_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “IREN intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions, as described below. IREN intends to use the remainder of the net proceeds for general corporate purposes and working capital.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms iren 8-K exhibit (ef20072983_ex99-1.htm)
Quote: “IREN intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions, as described below. IREN intends to use the remainder of the net proceeds for general corporate purposes and working capital.”