Nasdaq-listed bitcoin miner TeraWulf today announced that the size and price of its proposed convertible senior bond with a coupon of 1.00% due 2031 (hereinafter referred to as the "convertible bond") have been determined. The total principal amount of the bond is 850 million US dollars. The convertible bond will be issued through a private placement, and the subscription object is qualified institutional investors identified under Section 144A of the Securities Act of 1933, as amended.
Issuance of a convertible senior bond with a coupon rate of 850 million USD 1.00% (conversion premium rate of 32.50%) and a cap option trading agreement for a convertible bond with a coupon rate of 1.00% due 2031 at an initial cap price of $18.76 per common share, a premium of 100% over the closing price of TeraWulf common stock on August 18, 2025
TeraWulf has granted the initial purchaser of the convertible bonds a 13-day option to purchase additional convertible bonds up to a total principal amount of $150 million. The offering is expected to close on August 20, 2025, subject to the satisfaction of customary closing conditions.
TeraWulf Announces Additional Issuance of 850 million USD Convertible Bond and Fixes Issue Price
2025-08-19 00:41:50
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