TeraWulf Inc. announced the mandatory conversion of all outstanding shares of its Series A Convertible Preferred Stock.
Each share of Convertible Preferred Stock will convert into 141.9483 shares of Common Stock on December 9, 2025, without action from the holder.
The mandatory conversion aims to simplify TeraWulf's capital structure and enhance transparency for investors.
Mandatory Conversion Date
December 9, 2025, without action from the holders.
Conversion Ratio
Each share converts into 141.9483 shares of Common Stock.
Impact on Capital Structure
Simplification and enhanced transparency for investors.
- The mandatory conversion signifies a strategic move by TeraWulf to streamline its capital structure and provide clarity to investors.
- This action reflects the Company's commitment to financial discipline and future growth opportunities.
The announcement marks a significant milestone in TeraWulf's journey, positioning the Company for future growth opportunities and enhanced investor confidence.