{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-028517","form_type":"8-K","ticker":"WULF","cik":"0001083301","company_name":"TERAWULF INC.","filed_at":"2023-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.811484+00:00","generated_at":"2026-06-18T12:44:00.036703+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"TeraWulf amends loan, suspends amortization until April 2024, issues warrants","bullets":["Fifth Amendment eliminates mandatory amortization of term loans through April 8, 2024, subject to $33.5M equity raise by March 15, 2023.","Lenders receive 26.7M penny warrants (exercise $0.01) and 13.3M dollar warrants (exercise $1.00), representing 15% of fully diluted equity.","Lenders get non-voting board observer and right to appoint a board member; strategic review committee established.","Excess cash flow sweep replaces scheduled principal payments; if $40M repaid by April 1, 2024, maturity extends to Dec 1, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-028517","json":"https://secwatch.observer/filing/0001104659-23-028517.json","markdown":"https://secwatch.observer/filing/0001104659-23-028517.md","text":"https://secwatch.observer/filing/0001104659-23-028517.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083301/000110465923028517/0001104659-23-028517-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083301/000110465923028517/tm238231d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T12:44:00.036703+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":"2f64475650d489706f92c80ddd1947512b6bd3bf","claim":"TERAWULF INC. amended Fifth Amendment with certain subsidiaries of the Company party thereto, the lenders party thereto and Wilmington Trust, National Association (effective 2023-03-01).","evidence_excerpt":"On March 1, 2023 (the “Fifth Amendment Effective Date”), TeraWulf Inc. (the “Company”) entered into an amendment (the “Fifth Amendment”) to its Loan, Guaranty and Security Agreement, dated as of December 1, 2021 (as amended, modified or supplemented from time to time, the “Loan Agreement”), by and among the Company, certain subsidiaries of the Company party thereto, the lenders party thereto (the “Lenders”) and Wilmington Trust, National Association, as administrative agent and collateral agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000110465923028517/0001104659-23-028517-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain subsidiaries of the Company party thereto, the lenders party thereto and Wilmington Trust, National Association"},{"label":"Effective","value":"2023-03-01"}],"fact_type":"material_agreement"},{"claim_id":"48366c3754d504ceb4405ef1b612a5da28c2d405","claim":"TERAWULF INC. entered into Warrant Agreement with the lenders (effective 2023-03-01).","evidence_excerpt":"On March 1, 2023, in connection with the execution of the Fifth Amendment, the Company entered into a Warrant Agreement (the “Warrant Agreement”) to issue the following warrants to the lenders: (i) 26,666,669 warrants to purchase an aggregate number of shares of the Company’s common stock equal to 10.0% of the fully diluted equity of the Company as of the Fifth Amendment Effective Date with an exercise price of $0.01 per share of the Company’s common stock (the “Penny Warrants”) and (ii) 13,333,333 warrants to purchase an aggregate number of shares of the Company’s common stock equal to 5.0% of the fully diluted equity of the Company as of the Fifth Amendment Effective Date with an exercise price of $1.00 per share of the Company’s common stock (the “Dollar Warrants”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000110465923028517/0001104659-23-028517-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"the lenders"},{"label":"Effective","value":"2023-03-01"}],"fact_type":"material_agreement"},{"claim_id":"7713d1322d8af7d03bb1ca6abda6ede0c5443b51","claim":"TERAWULF INC. entered into Registration Rights Agreement with the Company and the Lenders (effective 2023-03-01).","evidence_excerpt":"In connection with the issuance of the warrants pursuant to the Warrant Agreement, the Company and the Lenders entered into a Registration Rights Agreement, dated as of March 1, 2023, pursuant to which the Company has agreed to provide customary shelf and piggyback registration rights to the Lenders with respect to the common stock issuable upon exercise of the warrants described above.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000110465923028517/0001104659-23-028517-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"the Company and the Lenders"},{"label":"Effective","value":"2023-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}