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Allocation of Net Proceeds to Prepaid Forward Transaction

Company: IREN

Subject kind
financing
Statement date
2025-06-12
Promised amount
92.5 USD
Current status
stated

The claim, verbatim

The Company used approximately $92.5 million of the net proceeds to fund the cost of entering into a prepaid forward share purchase transaction

Source (primary)

IREN 6-K filed 2025-06-13 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Company used approximately $92.5 million of the net proceeds to fund the cost of entering into the prepaid forward transaction described herein.”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036125022454/ef20050570_6k.htm) in full (20,207 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms IREN 6-K filed 2025-06-13

Quote: “The Company used approximately $92.5 million of the net proceeds to fund the cost of entering into the prepaid forward transaction described herein.”

View cached copy (2026-08-31)Live source ↗