TeraWulf (WULF) announced that it intends to offer, subject to market conditions and other factors, $350M aggregate principal amount of convertible senior notes due 2030 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 company intends to use the net proceeds from the offering to pay the cost of the capped call transactions, to repurchase shares of the company’s common stock, and for general corporate purposes.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WULF:
- Crypto Currents: Sam Altman’s Worldcoin rebrands to World Network
- TeraWulf appoints John Larkin as director of investor relations
- Crypto Currents: Crypto.com files lawsuit against SEC
- TeraWulf Inc. Secures Long-Term Expansion with Land Lease
- TeraWulf enters long-term ground lease at Lake Mariner facility