{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-037753","form_type":"8-K","ticker":"IREN","cik":"0001878848","company_name":"IREN Ltd","filed_at":"2025-10-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.953998+00:00","generated_at":"2026-05-17T04:14:21.760145+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IREN prices $875M zero-coupon convertible notes due 2031 with 42.5% conversion premium","bullets":["$875M principal, 0.00% coupon, due July 1, 2031; initial conversion price ~$85.63/share ($60.09 reference).","Net proceeds ~$856.5M ($979M if full $125M option exercised); $49.6M for capped call transactions.","Capped calls provide hedge up to $120.18/share (100% premium) to reduce dilution on conversion.","Initial purchasers have option to buy additional $125M notes; settlement expected Oct 14, 2025.","Remaining net proceeds for general corporate purposes and working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-037753","json":"https://secwatch.observer/filing/0001140361-25-037753.json","markdown":"https://secwatch.observer/filing/0001140361-25-037753.md","text":"https://secwatch.observer/filing/0001140361-25-037753.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125037753/0001140361-25-037753-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125037753/ef20056800_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:14:21.760145+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}