secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000950142-24-002623
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf authorizes $200M buyback and plans $350M convertible note offering
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- Board approved up to $200M share repurchase through Dec 31, 2025, using excess cash after HPC/AI capex.
- Company plans $350M private offering of convertible senior notes due 2030, with $75M greenshoe option.
- Net proceeds to fund capped call costs, share repurchases, and general corporate purposes.
- Convertible notes will be senior unsecured, interest payable semi-annually beginning May 1, 2025.
- Capped call transactions expected to reduce dilution upon conversion; notes not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000095014224002623/0000950142-24-002623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000095014224002623/eh240548166_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-002623

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