Fri, Oct 25, 2024
TeraWulf closes $500 million of 2.75% convertible senior notes due 2030
Key points
- Incl. $75M over-allotment; capped call at $12.80 strike (100% premium over $6.40 reference price)
- Net proceeds ~$487.1M: $60M to capped call, $115M to concurrent share repurchase, remainder for general corporate purposes/HPC expansion