TeraWulf: Initial purchasers of convertible senior note issue exercise greenshoe, raising $1 billion total
2025-08-23 06:23:05
Nasdaq-listed digital asset mining company TeraWulf announced that its initial purchasers of convertible senior notes due 2031 with a coupon rate of 1.00% have fully exercised the option to purchase additional notes with a total principal amount of $150 million. 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 by the company in this issuance reached $1 billion. It is reported that the net proceeds of this issuance are approximately $975.20 million after deducting discounts, commissions and estimated issuance fees. TeraWulf uses $100.60 million of the net proceeds to pay for the trading of capped call options. The remaining net proceeds are used for the expansion of the company's data center and general corporate purposes.
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