{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-038083","form_type":"8-K","ticker":"IREN","cik":"0001878848","company_name":"IREN Ltd","filed_at":"2025-10-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.954278+00:00","generated_at":"2026-05-17T03:58:57.771017+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"IREN closes $1.0B 0.00% convertible note offering due 2031; oversubscribed","bullets":["Offering upsized to $1.0B from $875M with full exercise of $125M greenshoe.","Net proceeds of ~$979M; $56.7M used for capped call transactions.","Initial conversion price ~$85.63 per share (42.5% premium) and cap price $120.18 (100% premium).","Notes are senior unsecured, zero coupon, mature July 1, 2031, with no put except on fundamental change.","Capped calls reduce dilution up to $120.18; intended to offset potential cash payments upon conversion."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-038083","json":"https://secwatch.observer/filing/0001140361-25-038083.json","markdown":"https://secwatch.observer/filing/0001140361-25-038083.md","text":"https://secwatch.observer/filing/0001140361-25-038083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125038083/0001140361-25-038083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125038083/ef20056955_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:58:57.771017+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":[{"claim_id":"c6f2d267225b4bbed7a8e26514a1c23959345784","claim":"IREN Ltd incurred convertible notes of $1.0 billion principal amount of its 0.00% Convertible Senior Notes due 2031 at 0.00% maturing July 1, 2031.","evidence_excerpt":"On October 14, 2025 (the “Closing Date”), IREN Limited (the “Company”) issued $1.0 billion principal amount of its 0.00% Convertible Senior Notes due 2031 (the “Convertible Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878848/000114036125038083/0001140361-25-038083-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1.0 billion principal amount of its 0.00% Convertible Senior Notes due 2031"},{"label":"Rate","value":"0.00%"},{"label":"Maturity","value":"July 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}