IREN plans share offering to fund convertible note repurchase
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IREN Announces Proposed Offering of Ordinary Shares to Fund the Repurchase of Convertible Notes
December 1, 2025 4:23 PM ESTNEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (IREN) today announced its intention to commence a registered direct offering of ordinary shares (the Offering) to a limited number of purchasers. The Offering is being made pursuant to the Securities Act of 1933, as amended (the Securities Act). The aggregate gross proceeds from the Offering are expected to approximate the aggregate cash consideration payable in connection with the Repurchase. In conjunction with any Repurchase of the Existing 2029 Convertible Notes (initial conversion price of $13.64) and Existing 2030 Convertible Notes (initial conversion price of $16.81), the principal amount of... More
