Use of net proceeds for capped call transactions
Company: IREN
The claim, verbatim
Company intends to use approximately $174.5 million of net proceeds to fund cost of entering into capped call transactions
Source (primary)
IREN 8-K filed 2026-05-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company intends to use approximately $174.5 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
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing states the intended use of about $174.5 million of net proceeds for capped call transactions.
Confirmed in the source:
- The company intends to use approximately $174.5 million of the net proceeds to fund the cost of entering into capped call transactions
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036126020669/ef20073131_8k.htm) in full (4,963 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 8-K filed 2026-05-12
Quote: “The Company intends to use approximately $174.5 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.”