Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TERAWULF INC. amended convertible notes of $6 million with YA II PN, Ltd. at 4% maturing December 23, 2022.
- Instrument
- convertible notes
- Principal
- $6 million
- Counterparty
- YA II PN, Ltd.
- Rate
- 4%
- Maturity
- December 23, 2022
- Event
- amendment
Exact text from the filing
the maturity date to December 23, 2022. Concurrent with the amendment, the Company repaid a further $3 million of principal, reducing the total principal amount outstanding to $6 million. The November payment was funded by insiders and Company management contributing approximately $3.4 million to the Company in the form of convertible promissory notes, which will
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TERAWULF INC. incurred convertible notes of $3.4 million at 4% maturing April 1, 2025.
- Instrument
- convertible notes
- Principal
- $3.4 million
- Rate
- 4%
- Maturity
- April 1, 2025
- Event
- incurrence
Exact text from the filing
the Company issued convertible promissory notes (the “Convertible Notes”) to certain accredited investors in privately negotiated transactions as part of a private placement exempt from registration under the Securities Act of 1933, as amended, in an aggregate principal amount of approximately $3.4 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TERAWULF INC. entered into Convertible Notes with certain accredited investors valued at approximately $3.4 million.
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain accredited investors
- Value
- approximately $3.4 million
Exact text from the filing
the Company issued convertible promissory notes (the “Convertible Notes”) to certain accredited investors in privately negotiated transactions as part of a private placement exempt from registration under the Securities Act of 1933, as amended, in an aggregate principal amount of approximately $3.4 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TERAWULF INC. amended Second A&R Advance with YA II PN, Ltd. (Yorkville) (effective 2022-11-25).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- YA II PN, Ltd. (Yorkville)
- Effective
- 2022-11-25
Exact text from the filing
On November 25, 2022, the Company entered into a letter agreement with Yorkville pursuant to which it agreed to further amend and restate the Advance in its entirety by issuing a second amended and restated convertible promissory note to Yorkville (the “Second A&R Advance”) which, among other things, extended the Maturity Date to December 23, 2022.
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