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← IREN
Mon, Dec 1, 2025

IREN announces proposed offering of ordinary shares to fund convertible notes repurchase

Source file ↗

Key points

  • Intention to commence a registered direct offering of ordinary shares to a limited number of purchasers
  • Aggregate gross proceeds expected to approximate the cash consideration for the planned repurchase of the 3.25% notes due 2030 (conversion price ~$16.81) and 3.50% notes due 2029 (conversion price ~$13.64)
  • Repurchased principal will be extinguished and cease to be convertible into IREN ordinary shares