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TeraWulf | S-3/A: Registration statement for specified transactions by certain issuers (Amendment)

SEC announcement ·  Jan 16 13:00
Summary by Futu AI
TeraWulf Inc., a company specializing in sustainable bitcoin mining, has filed an Amendment No. 2 to a Registration Statement on Form S-3 with the Securities and Exchange Commission (SEC) on January 16, 2024. This filing pertains to the registration of 44,688,114 shares of common stock, which may be offered and sold by certain selling stockholders. The shares include those issuable upon the exercise of warrants as well as shares acquired through private placement transactions and services agreements. The registration statement includes a Warrant Agreement dated March 1, 2023, and amendments to the company's Administrative and Infrastructure Services Agreement. TeraWulf will not receive any proceeds from the sale of shares by the selling stockholders but may benefit from any cash exercise of the warrants. The company has agreed to indemnify the selling stockholders against certain liabilities and will bear certain expenses related to the registration of the shares.
TeraWulf Inc., a company specializing in sustainable bitcoin mining, has filed an Amendment No. 2 to a Registration Statement on Form S-3 with the Securities and Exchange Commission (SEC) on January 16, 2024. This filing pertains to the registration of 44,688,114 shares of common stock, which may be offered and sold by certain selling stockholders. The shares include those issuable upon the exercise of warrants as well as shares acquired through private placement transactions and services agreements. The registration statement includes a Warrant Agreement dated March 1, 2023, and amendments to the company's Administrative and Infrastructure Services Agreement. TeraWulf will not receive any proceeds from the sale of shares by the selling stockholders but may benefit from any cash exercise of the warrants. The company has agreed to indemnify the selling stockholders against certain liabilities and will bear certain expenses related to the registration of the shares.

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