--- schema_version: "secwatch.filing_event.v1" accession: "0000950142-21-003986" form_type: "8-K12B" ticker: "WULF" cik: "0001083301" company_name: "TERAWULF INC." filed_at: "2021-12-13T23:59:59+00:00" generated_at: "2026-06-28T01:33:21.307338+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # TeraWulf completes merger with IKONICS; stock to trade as WULF on Nasdaq starting Dec 14 ## Summary - Merger closed Dec 13; IKONICS shareholders receive 1 WULF share + 1 CVR + $5 cash per share. - TeraWulf assumes $123.5M senior secured term loan at 11.5%, maturing Dec 1, 2024. - Post-merger shares outstanding: ~99.98M; stock begins trading under ticker WULF on Nasdaq Dec 14. - New board appointed: Paul Prager (CEO), Nazar Khan (COO/CTO), Kenneth Deane (CFO), Kerri Langlais (CSO) plus directors. - Loan from NovaWulf Digital Master Fund; CEO and COO/CTO are minority investors in lender. ## SEC filing metadata - accession: 0000950142-21-003986 - form_type: 8-K12B - ticker: WULF - cik: 0001083301 - company_name: TERAWULF INC. - filed_at: 2021-12-13T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/eh210209806_8k12b.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950142-21-003986 - JSON: https://secwatch.observer/filing/0000950142-21-003986.json - Plain text: https://secwatch.observer/filing/0000950142-21-003986.txt ## Key facts - Executive change Lisa A. Prager was appointed as Director at TERAWULF INC.. - Action: appointed - Role: Director source text: each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Paul B. Prager was appointed as Director at TERAWULF INC.. - Action: appointed - Role: Director source text: each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Kenneth J. Deane was appointed as Chief Financial Officer and Treasurer at TERAWULF INC.. - Action: appointed - Role: Chief Financial Officer and Treasurer source text: (ii) Mr. Kenneth J. Deane to serve as the Chief Financial Officer and Treasurer evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Paul B. Prager was appointed as Chair of the Board at TERAWULF INC.. - Action: appointed - Role: Chair of the Board source text: Mr. Paul B. Prager was appointed as the chair of the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Catherine J. Motz was appointed as Director at TERAWULF INC.. - Action: appointed - Role: Director source text: each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Nazar M. Khan was appointed as Director at TERAWULF INC.. - Action: appointed - Role: Director source text: each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Paul B. Prager was appointed as Chief Executive Officer at TERAWULF INC.. - Action: appointed - Role: Chief Executive Officer source text: (i) Mr. Paul B. Prager to serve as the Chief Executive Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Walter E. Carter was appointed as Director at TERAWULF INC.. - Action: appointed - Role: Director source text: each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Steven T. Pincus was appointed as Director at TERAWULF INC.. - Action: appointed - Role: Director source text: each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Kerri M. Langlais was appointed as Chief Strategy Officer at TERAWULF INC.. - Action: appointed - Role: Chief Strategy Officer source text: (iv) Ms. Kerri M. Langlais to serve as the Chief Strategy Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Nazar M. Khan was appointed as Chief Operating Officer and Chief Technology Officer at TERAWULF INC.. - Action: appointed - Role: Chief Operating Officer and Chief Technology Officer source text: (iii) Mr. Nazar M. Khan to serve as the Chief Operating Officer and the Chief Technology Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm - Executive change Jason G. New was appointed as Director at TERAWULF INC.. - Action: appointed - Role: Director source text: each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf. evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.