TeraWulf Inc. announced the full exercise of the greenshoe option in a $1.0 billion convertible senior notes offering.
The initial purchasers of the Convertible Notes exercised their option to purchase an additional $150 million aggregate principal amount of notes.
The total principal amount of Convertible Notes sold in the offering, including the greenshoe, was $1.0 billion.
Greenshoe Option Fully Exercised
The initial purchasers of the Convertible Notes exercised their option to purchase an additional $150 million notes.
Total Offering Amount
The total principal amount of Convertible Notes sold in the offering, including the greenshoe, was $1.0 billion.
Utilization of Net Proceeds
Net proceeds of approximately $975.2 million from the offering were used for capped call transactions and data center expansion.
- The full exercise of the greenshoe option indicates strong investor demand for TeraWulf's Convertible Notes.
- The net proceeds allocation towards capped call transactions and data center expansion showcases strategic financial planning.
TeraWulf Inc.'s successful offering of Convertible Senior Notes demonstrates market confidence in the company's growth trajectory and sustainability initiatives.