Capped call transaction funding from offering proceeds
Company: TeraWulf
The claim, verbatim
Company used $100.6 million of net proceeds to fund capped call transactions
Source (primary)
TeraWulf 8-K filed 2025-08-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company used $100.6 million of the net proceeds to fund the cost of the capped call transactions (inclusive of the Additional Capped Call Transactions) with the remaining net proceeds allocated to the Company's data center expansion and for general corporate purposes.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states the company used $100.6 million of net proceeds to fund the capped call transactions, including the additional ones.
Confirmed in the source:
- The company used $100.6 million of the net proceeds
- Those funds paid for the capped call transactions
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925081886/tm2523651d6_8k.htm) in full (9,970 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-08-22
Quote: “The Company used $100.6 million of the net proceeds to fund the cost of the capped call transactions (inclusive of the Additional Capped Call Transactions) with the remaining net proceeds allocated to the Company's data center expansion and for general corporate purposes.”