Intended use of Convertible Notes proceeds
Company: IREN
The claim, verbatim
The company intends to use approximately $49.6 million of the net proceeds to fund capped call transactions and the remainder for general corporate purposes and working capital
Source (primary)
IREN 8-K filed 2025-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company intends to use approximately $49.6 million of the net proceeds to fund the cost of entering into the capped call transactions and 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 filed 2025-10-09
Quote: “The Company intends to use approximately $49.6 million of the net proceeds to fund the cost of entering into the capped call transactions and the remainder of the net proceeds for general corporate purposes and working capital”