{"schema_version":"secwatch.filing_event.v1","accession":"0001083301-22-000055","form_type":"8-K","ticker":"WULF","cik":"0001083301","company_name":"TERAWULF INC.","filed_at":"2022-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.549979+00:00","generated_at":"2026-06-21T10:36:28.892105+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TeraWulf amends Yorkville note, extends maturity to Dec 23, reduces principal to $6M; insiders provide $3.4M","bullets":["Extended maturity of $15M convertible note with Yorkville to Dec 23, 2022; repaid $3M principal, now $6M outstanding.","Insiders and management contributed ~$3.4M via convertible notes (maturing Apr 2025, 4% interest) to fund repayment.","The $3.4M notes auto-convert to equity upon a qualified financing of at least $5M.","Conversion price previously reduced from $3.75 to $1.26 per share in October amendment."],"urls":{"canonical":"https://secwatch.observer/filing/0001083301-22-000055","json":"https://secwatch.observer/filing/0001083301-22-000055.json","markdown":"https://secwatch.observer/filing/0001083301-22-000055.md","text":"https://secwatch.observer/filing/0001083301-22-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000055/0001083301-22-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000055/tmb-20221201x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:36:28.892105+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3d3f1e2984771978894468b15f3ca49ba047da87","claim":"TERAWULF INC. amended convertible notes of $6 million with YA II PN, Ltd. at 4% maturing December 23, 2022.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000055/0001083301-22-000055-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$6 million"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Rate","value":"4%"},{"label":"Maturity","value":"December 23, 2022"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"869ab790b9e2041eb4e84ca08bcbb6b7a57718d5","claim":"TERAWULF INC. incurred convertible notes of $3.4 million at 4% maturing April 1, 2025.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000055/0001083301-22-000055-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$3.4 million"},{"label":"Rate","value":"4%"},{"label":"Maturity","value":"April 1, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1a1974c8f8364871b7fc665dfa856a3149b8d3b5","claim":"TERAWULF INC. entered into Convertible Notes with certain accredited investors valued at approximately $3.4 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000055/0001083301-22-000055-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Value","value":"approximately $3.4 million"}],"fact_type":"material_agreement"},{"claim_id":"59b1bb2edd82e8ff0f2f41f4cc43ad28e383ade4","claim":"TERAWULF INC. amended Second A&R Advance with YA II PN, Ltd. (Yorkville) (effective 2022-11-25).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000055/0001083301-22-000055-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"YA II PN, Ltd. (Yorkville)"},{"label":"Effective","value":"2022-11-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}