TeraWulf (WULF) Prices Upsized $425M Convertible Notes Offering

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Go back to TeraWulf (WULF) Prices Upsized $425M Convertible Notes Offering

TeraWulf Inc. Announces Upsize and Pricing of $425 Million Convertible Notes Offering

October 24, 2024 7:30 AM EDT

EASTON, Md., Oct. 24, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (TeraWulf or the Company), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced the upsize and pricing of its offering of $425 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the Convertible Notes). The Convertible Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act).

Key Elements of the Transaction:

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