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

Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001104659-26-043279
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf reports preliminary Q1 rev $30-35M, launches $800M stock offering, secures $250M credit facility
--------------------------------------------------------------------------------

- Preliminary Q1 2026 revenue $30-35M, adjusted EBITDA $0-3M; >50% of revenue from HPC hosting.
- Announces $800M common stock offering (plus $120M underwriter option) to fund Kentucky data center and repay debt.
- Received allocations for a $250M senior secured revolving credit facility, maturing April 2030, to enhance liquidity.
- Cash and equivalents $3.1B, total debt $5.8B as of March 31, 2026; convertible notes $2.5B, senior secured notes $3.2B.
- Morgan Stanley lead bookrunner for offering and administrative agent for the credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000110465926043279/0001104659-26-043279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000110465926043279/tm2611661d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-043279

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