TeraWulf: Initial purchasers of convertible senior notes offering exercise over-allotment option, bringing total gross proceeds to $1.00B

OdailyAug 23, 2025
#Crypto Stocks WULF+6.44%
Nasdaq-listed digital asset mining company TeraWulf announced that the initial purchasers of its 1.00% convertible senior notes due 2031 have fully exercised their option to purchase an additional $150.00 million in aggregate principal amount of notes. The option was exercised on August 21, 2025, and the purchase was completed on August 22, 2025. This means that the total amount of convertible notes sold in this offering by the company reached $1.00 billion. It is reported that the net proceeds from this offering, after deducting discounts, commissions, and estimated issuance expenses, are approximately $975.20 million. TeraWulf used $100.60 million of the net proceeds to pay for capped call option transactions, and the remaining net proceeds will be used for the company's data center expansion and general corporate purposes. (Globenewswire) [Odaily]
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TeraWulf: Initial purchasers of convertible senior notes offering exercise over-allotment option, bringing total gross proceeds to $1.00B

OdailyAug 23, 2025
#Crypto Stocks WULF+6.44%
Nasdaq-listed digital asset mining company TeraWulf announced that the initial purchasers of its 1.00% convertible senior notes due 2031 have fully exercised their option to purchase an additional $150.00 million in aggregate principal amount of notes. The option was exercised on August 21, 2025, and the purchase was completed on August 22, 2025. This means that the total amount of convertible notes sold in this offering by the company reached $1.00 billion. It is reported that the net proceeds from this offering, after deducting discounts, commissions, and estimated issuance expenses, are approximately $975.20 million. TeraWulf used $100.60 million of the net proceeds to pay for capped call option transactions, and the remaining net proceeds will be used for the company's data center expansion and general corporate purposes. (Globenewswire) [Odaily]
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