TeraWulf raises $1.0B through sale of 54.5M shares at $19, diluting existing holders

Filed April 16, 2026 · Period ending April 14, 2026 · ~1 min read

Key Changes

• high

  TeraWulf sold 54.5 million shares at $19 each, netting ~$1.0 billion after fees. The offering closed April 16, representing significant dilution to existing shareholders but providing substantial capital for operations or expansion.

  Item 1.01: Underwriting Agreement verify on EDGAR →
• high

  Morgan Stanley led the underwriting syndicate and exercised its full option to purchase an additional 7.1 million shares beyond the base 47.4 million share offering.

  Item 1.01: Optional Shares verify on EDGAR →
• medium

  The company issued a press release on April 16 announcing the offering's completion, with standard legal opinions confirming the shares were validly issued.

  Item 9.01: Press Release verify on EDGAR →