---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-002628"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:19:53.698382+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TeraWulf prices $425M 2.75% convertible notes due 2030, repurchases $115M stock

## Summary
- $425M aggregate principal amount of 2.75% Convertible Senior Notes due 2030; conversion premium 32.5% (initial conversion price ~$8.48/share based on $6.40 close).
- Concurrent $115M repurchase of ~17.97M shares at $6.40 per share from note purchasers.
- Capped call transactions with initial cap price $12.80/share (100% premium) to reduce dilution; net proceeds ~$414.9M ($488.1M if greenshoe exercised).
- Proceeds: ~$51M for capped calls, $115M for repurchase, remainder for HPC infrastructure expansion and general corporate purposes.
- Updated risk factors disclose SEC inquiry related to short seller allegations about electricity sources; Company cooperating.

## SEC filing metadata
- accession: 0000950142-24-002628
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000095014224002628/0000950142-24-002628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000095014224002628/eh240548495_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-002628
- JSON: https://secwatch.observer/filing/0000950142-24-002628.json
- Plain text: https://secwatch.observer/filing/0000950142-24-002628.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.