Mandatory conversion of Series A Convertible Preferred Stock to Common Stock
Company: TeraWulf
What the later record shows
Delivered; the record does not say when
The April 2026 prospectus capitalization table shows zero preferred shares issued and outstanding, so the conversion happened. No passage states the conversion date.
“Preferred stock, $0.001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding, actual and as adjusted”
2026-04-14 · TeraWulf 424B5 filed 2026-04-15 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
All outstanding shares of Series A Convertible Preferred Stock will be converted into approximately 1.215 million shares of Common Stock, with an effective date of December 9, 2025.
Source (primary)
TeraWulf 8-K filed 2025-11-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company has established the effective date of the Mandatory Conversion as December 9, 2025 (the "Mandatory Conversion Date"), at which time all shares of Convertible Preferred Stock will be converted into approximately 1.215 million shares of Common Stock”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K says the Company set December 9, 2025 as the Mandatory Conversion Date, when all Series A Convertible Preferred shares convert into about 1.215 million common shares.
Confirmed in the source:
- TeraWulf will convert all outstanding shares of its Series A Convertible Preferred Stock into Common Stock through a mandatory conversion
- The conversion will produce approximately 1.215 million shares of Common Stock
- The effective date of the mandatory conversion is December 9, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000107/wulf-20251125.htm) in full (7,961 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-11-25
Quote: “The Company has established the effective date of the Mandatory Conversion as December 9, 2025 (the "Mandatory Conversion Date"), at which time all shares of Convertible Preferred Stock will be converted into approximately 1.215 million shares of Common Stock”
confirms TeraWulf 424B5 filed 2026-04-15
Quote: “Preferred stock, $0.001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding, actual and as adjusted”