Convertible senior notes offering
Company: TeraWulf
The claim, verbatim
Company intends to offer $400 million aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers, with initial purchasers having an option to purchase up to an additional $60 million within 13 days
Source (primary)
TeraWulf 8-K filed 2025-08-18 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “issued a press release announcing its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $60 million aggregate principal amount of the notes”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The 8-K states the $400 million offering of convertible senior notes due 2031 to qualified institutional buyers and the initial purchasers' option for an additional $60 million. It also gives the 13-day window, counted from the date the notes are first issued. The claim's shorthand for this window is accurate.
Confirmed in the source:
- TeraWulf announced its intention to offer $400 million aggregate principal amount of convertible senior notes
- The notes are due 2031
- The offering is a private offering to persons reasonably believed to be qualified institutional buyers under Rule 144A
- Initial purchasers are to be granted an option to purchase up to an additional $60 million aggregate principal amount of the notes
- The option is exercisable within a 13-day period beginning on, and including, the date the notes are first issued
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079466/tm2523651d1_8k.htm) in full (5,616 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-08-18
Quote: “issued a press release announcing its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $60 million aggregate principal amount of the notes”