secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001104659-25-103439
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf announces proposed $500M convertible note offering due 2032
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- Offers $500M aggregate principal of convertible senior notes due 2032 in private placement.
- Initial purchasers granted option to buy up to $75M additional notes within 13 days.
- Notes are zero-coupon, senior unsecured, convertible into cash and/or common stock at company's election.
- Proceeds to fund construction of data center campus in Abernathy, Texas and for general corporate purposes.
- Conversion rate and other terms to be set at pricing; notes mature May 1, 2032.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925103439/0001104659-25-103439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925103439/tm2529509d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-103439

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