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

Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001104659-25-103923
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf upsizes and prices $900M 0.00% convertible notes due 2032; net proceeds ~$877.6M
--------------------------------------------------------------------------------

- Offering upsized to $900M principal; option for additional $125M.
- 0.00% coupon, 37.5% conversion premium; initial conversion price ~$19.9375.
- Net proceeds ~$877.6M ($999.7M if greenshoe exercised).
- Proceeds to fund data center campus in Abernathy, TX and general corporate purposes.
- Expected close Oct 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925103923/0001104659-25-103923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925103923/tm2529509d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-103923

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