{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-081886","form_type":"8-K","ticker":"WULF","cik":"0001083301","company_name":"TERAWULF INC.","filed_at":"2025-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.292844+00:00","generated_at":"2026-05-17T10:29:42.200723+00:00","sec_items":["2.03","3.02","1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TeraWulf exercises greenshoe, ups convertible notes offering to $1.0B; net proceeds $975.2M","bullets":["Initial purchasers fully exercised option for $150M additional notes; total principal now $1.0B.","Capped call transactions with $18.76 cap price added; cost $15.1M; total capped call cost $100.6M.","Net proceeds of $975.2M after discounts and expenses; used for data center expansion and general corporate purposes.","Notes carry 1.00% conversion rate, due 2031; initial conversion price ~$12.43 per share.","Capped call transactions expected to reduce dilution upon conversion; $18.76 cap premium 100% over August 18 close."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-081886","json":"https://secwatch.observer/filing/0001104659-25-081886.json","markdown":"https://secwatch.observer/filing/0001104659-25-081886.md","text":"https://secwatch.observer/filing/0001104659-25-081886.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925081886/0001104659-25-081886-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925081886/tm2523651d6_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:29:42.200723+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":"068254800a3fd7141b6dd1ba02065102e65f4e06","claim":"TERAWULF INC. incurred convertible notes of $150 million aggregate principal amount with initial purchasers at 1.00% maturing 2031.","evidence_excerpt":"the initial purchasers of 1.00% Convertible Senior Notes due 2031 (the “Convertible Notes”) have fully exercised their option to purchase an additional $150 million aggregate principal amount of notes. The option was exercised on August 21, 2025, and the purchase was completed on August 22, 2025.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925081886/0001104659-25-081886-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$150 million aggregate principal amount"},{"label":"Counterparty","value":"initial purchasers"},{"label":"Rate","value":"1.00%"},{"label":"Maturity","value":"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"}