Small font size A Larger text size A Largest text size A

Update: TeraWulf Plans $400 Million Private Debt Offering; Shares Rise

BY MT Newswires | CORPORATE | 08/18/25 10:39 AM EDT

10:39 AM EDT, 08/18/2025 (MT Newswires) -- (Updates to include TeraWulf's (WULF) recent stock movement in the headline and the first paragraph.)

TeraWulf (WULF) shares were up nearly 18% in recent Monday trading after the company said it plans a private offering of $400 million of convertible senior notes due Sept. 1, 2031.

The company expects to grant the initial purchasers an option to buy up to an additional $60 million of the notes.

TeraWulf (WULF) said it plans to use the net proceeds to pay the cost of certain capped call transactions, with the remaining proceeds to go toward funding part of its data center expansion and for general corporate purposes.

Price: 10.55, Change: +1.58, Percent Change: +17.61

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

Trump appointee inspired by conservative media outlet to push for probe of Democratic congressman BY Reuters |AGENCY 12/20/25 01:39 PM EST
Exclusive-Trump appointee inspired by conservative media outlet to push for probe of Democratic congressman BY Reuters |AGENCY 12/20/25 06:04 AM EST
KBRA Assigns AAA Rating to Dallas Independent School District, TX: Unlimited Tax Bonds Series 2026A and 2026B BY Business Wire |MUNICIPAL 12/19/25 05:51 PM EST
White House's Hassett tells Fox Business Trump is right where others are wrong about inflation BY Reuters |ECONOMIC 12/19/25 05:19 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article