secwatch.observer — SEC 8-K summary
======================================

Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0001104659-25-100142
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf subsidiary prices $3.2B 7.75% senior secured notes due 2030
--------------------------------------------------------------------

- WULF Compute LLC priced $3.2B aggregate principal of 7.750% senior secured notes due 2030 at par.
- Net proceeds to finance data center expansion at Lake Mariner campus in Barker, New York.
- Notes secured by substantially all assets of WULF Compute and Guarantors, plus pledge by Google LLC of warrants to purchase TeraWulf common stock.
- Offering expected to close October 23, 2025; Morgan Stanley sole bookrunner.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925100142/0001104659-25-100142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925100142/tm2528904d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-100142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer