TeraWulf Inc. Announces Upsize and Pricing of $425 Million Convertible Notes Offering
TeraWulf Inc. (WULF)
Company Research
Source: GlobeNewswire
EASTON, Md., Oct. 24, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced the upsize and pricing of its offering of $425 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”). The Convertible Notes will be sold 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 (the “Securities Act”). Key Elements of the Transaction: $425 million 2.75% Convertible Senior Notes offering (32.50% conversion premium)Capped call transactions entered into in connection with the 2.75% Convertible Senior Notes due 2030 with an initial cap price of $12.80 per share of common stock, which represents a 100% premium to the closing sale price of TeraWulf’s common st
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WULF
News
- TeraWulf Announces Promotion of Sean Farrell to Chief Operating OfficerGlobeNewswire
- TeraWulf Inc. (NASDAQ:WULF) Analysts Are Pretty Bullish On The Stock After Recent Results [Yahoo! Finance]Yahoo! Finance
- TeraWulf Inc. (NASDAQ: WULF) had its price target raised by analysts at Needham & Company LLC from $6.00 to $9.50. They now have a "buy" rating on the stock.MarketBeat
- TeraWulf Inc (WULF) Q3 2024 Earnings Call Highlights: Strategic Moves and Financial Challenges [Yahoo! Finance]Yahoo! Finance
- TeraWulf Reports Third Quarter 2024 Financial ResultsGlobeNewswire
WULF
Earnings
- 11/12/24 - Miss
WULF
Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form SC
- 11/12/24 - Form 10-Q
- WULF's page on the SEC website