{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-080911","form_type":"8-K","ticker":"WULF","cik":"0001083301","company_name":"TERAWULF INC.","filed_at":"2025-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.292645+00:00","generated_at":"2026-05-17T11:03:49.152573+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"TeraWulf closes $850M 1.00% convertible notes due 2031; funds data center buildout","bullets":["Issued $850M principal of 1.00% Convertible Senior Notes due 2031; underwriters have option for $150M more.","Net proceeds ~$828.7M; $85.5M used for capped call transactions, remainder for data center expansion and general corporate.","Initial conversion price ~$12.43 per share (80.4602 shares per $1,000 principal).","Capped call transactions bought for $85.5M with cap price $18.76 to offset dilution on conversion.","Notes not redeemable by TeraWulf until Sept 6, 2028; thereafter if stock >=130% of conversion price for 20 of 30 trading days."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-080911","json":"https://secwatch.observer/filing/0001104659-25-080911.json","markdown":"https://secwatch.observer/filing/0001104659-25-080911.md","text":"https://secwatch.observer/filing/0001104659-25-080911.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925080911/0001104659-25-080911-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925080911/tm2523651d5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T11:03:49.152573+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":"3918c61c6ddaccdac5b79bb0ef656926e06b9bd1","claim":"TERAWULF INC. incurred convertible notes of $850 million with Morgan Stanley & Co. LLC at 1.00% maturing September 1, 2031.","evidence_excerpt":"institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $850 million. The Company also granted to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes were first","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925080911/0001104659-25-080911-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$850 million"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC"},{"label":"Rate","value":"1.00%"},{"label":"Maturity","value":"September 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}