TeraWulf (WULF) said late Wednesday it is planning to offer $350 million convertible senior notes due 2030 in a private placement.
Initial purchasers are expected to be granted a 13-day option to purchase up to $75 million in additional amount of notes.
Net proceeds will be used to fund certain capped call transactions, share repurchases and general corporate purposes.
Separately, the company said its board has approved the repurchase of $200 million in outstanding shares through Dec. 31, 2025.
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