TeraWulf (WULF) Soars 10% as Corporate Update Strengthens Growth Prospects

TeraWulf rallied for a 2nd time connected Tuesday, jumping 10.37 percent to adjacent astatine $13.94 apiece arsenic investors placed bets connected the company’s stronger superior operation pursuing the mandatory conversion of its convertible preferred stocks into communal shares.

In a statement, TeraWulf Inc. (NASDAQ:WULF) said that it has exercised its close to person each outstanding Series A convertible preferred shares into communal banal with a par worth of $0.001 apiece.

Under the terms, the conversion tin lone beryllium exercised erstwhile the institution exceeds 130 percent of the $10 conversion price, oregon $13, connected astatine slightest 5 trading days from November 4 to 24, 2025.

TeraWulf Inc. (NASDAQ:WULF) said each stock of convertible preferred shares volition automatically person to 141.9483 shares connected December 9, 2025.

“Today’s announcement represents a cardinal milestone connected our travel to simplify TeraWulf’s superior operation going forward, supporting aboriginal maturation portion providing transparency to investors,” said TeraWulf Inc. (NASDAQ:WULF) Chief Finance Officer Patrick Fleury.

“The mandatory conversion of the Preferred Stock reinforces our fiscal subject and enables a absorption connected maturation going forward,” helium noted.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.