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TeraWulf Expands Convertible Notes Offering to $850 Million
Summary: According to GlobeNewswire, Bitcoin mining company TeraWulf (NASDAQ: WULF) announced today that it is expanding its convertible preferred notes offering from the previously announced $400 million to $850 million and has set the pricing. The notes will mature in 2031, with a face interest rate of 1.00%, an initial conversion price of $12.43 per share, ...
According to GlobeNewswire, Bitcoin mining company TeraWulf (NASDAQ: WULF) announced today that it is expanding its convertible preferred notes offering from the previously announced $400 million to $850 million and has set the pricing. The notes will mature in 2031, with a face interest rate of 1.00%, an initial conversion price of $12.43 per share, representing a 32.50% premium over the current stock price.
