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

Core Insights - TeraWulf Inc. (NASDAQ:WULF) has seen a significant stock price increase of 10.37% to close at $13.94, driven by investor confidence in the company's improved capital structure following the conversion of convertible preferred stocks into common shares [1][3]. Group 1: Corporate Actions - TeraWulf has exercised its right to convert all outstanding Series A convertible preferred shares into common stock, with a par value of $0.001 per share [2]. - The conversion is contingent upon the company exceeding 130% of the $10 conversion price, or $13, for at least five trading days between November 4 and 24, 2025 [3]. - Each share of convertible preferred stock will convert into 141.9483 shares of common stock on December 9, 2025 [3]. Group 2: Management Commentary - The Chief Finance Officer of TeraWulf, Patrick Fleury, stated that the announcement marks a key milestone in simplifying the company's capital structure, which supports future growth and enhances transparency for investors [4]. - The mandatory conversion of preferred stock is seen as a reinforcement of financial discipline, allowing the company to focus on growth moving forward [4].