secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K12B
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0000950142-21-003986
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf completes merger with IKONICS; stock to trade as WULF on Nasdaq starting Dec 14
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/0000950142-21-003986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000095014221003986/eh210209806_8k12b.htm
  HTML page:      https://secwatch.observer/filing/0000950142-21-003986

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