jain.com
The Analysis · Companies · People · Methodology

Convertible Notes Initial Conversion Rate

Company: IREN

Subject kind
financing
Statement date
2025-06-12
Promised amount
73.3299 shares per $1000 principal
Current status
stated

The claim, verbatim

The initial conversion rate is 73.3299 ordinary shares per $1,000 principal amount of Convertible Notes

Source (primary)

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

Quote: “The initial conversion rate is 73.3299 ordinary shares per $1,000 principal amount of Convertible Notes, which represents an initial conversion price of approximately $13.64 per ordinary share.”

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 initial conversion rate is 73.3299 ordinary shares per $1,000 principal amount of Convertible Notes, which represents an initial conversion price of approximately $13.64 per ordinary share.”

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