According to Mars Finance, TeraWulf (NASDAQ: WULF), a Bitcoin mining company, announced today that it will expand the proposed issuance scale of its convertible preferred notes from the previously announced $400 million to $850 million and finalize the pricing. The notes will mature in 2031, with a coupon rate of 1.00% and an initial conversion price of $12.43 per share, a 32.50% premium over the current stock price.
TeraWulf Expands Proposed Issuance Scale of Convertible Notes to $850 Million
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
@MarsBit_News