TERAWULF INC. 8-K

What Happened TeraWulf Inc. announced on April 14, 2026 (8-K filed April 15, 2026) that it priced a public offering of common stock at $19.00 per share. The company priced 47,400,000 shares for gross proceeds of approximately $900 million, an increase from the previously announced $800 million size. The offering is expected to close on April 16, 2026, subject to customary closing conditions.

Key Details

• Priced offering: 47,400,000 shares of common stock at $19.00 per share.
• Gross proceeds: approximately $900 million (upsized from $800 million).
• Closing: expected April 16, 2026, subject to customary closing conditions.
• Underwriter option: 30-day option to purchase up to 7,110,000 additional shares at the public offering price less underwriting discounts and commissions.
• Disclosure: press release dated April 14, 2026 is attached as Exhibit 99.1 to the 8-K.

Why It Matters This transaction provides TeraWulf with a large inflow of capital (about $900M gross) which can be used for growth, operations, debt, or other corporate purposes disclosed elsewhere. The upsized deal and underwriter option indicate demand sufficient to increase the offering size, but the issuance will increase the number of shares outstanding if sold — a factor investors often consider for potential dilution. The expected close date and filing of the 8-K confirm the offering’s near-term completion subject to routine closing conditions.