secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2025-11-25T23:59:59+00:00
Accession:  0001083301-25-000107
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf forces conversion of Series A Preferred into common; effective Dec 9, 2025
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- Mandatory conversion of all Series A Convertible Preferred Stock into common on Dec 9, 2025; settlement Dec 11.
- Conversion ratio: 141.9483 common shares per preferred share; ~1.215M new shares issued.
- Outstanding common shares increase from ~419M to ~420M; preferred dividends cease after conversion date.
- Trigger condition met: common stock price exceeded $13 (130% of $10 conversion price) on 5+ trading days Nov 4–24.
- Holders may opt for early conversion before Dec 8 but forfeit accrued dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000108330125000107/0001083301-25-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000108330125000107/wulf-20251125.htm
  HTML page:      https://secwatch.observer/filing/0001083301-25-000107

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