IREN (IREN) Limited announced the pricing of a registered direct offering of 39,699,102 ordinary shares at a price of $41.12 per share to a limited number of purchasers. The Offering is being made pursuant to the Securities Act of 1933, as amended. The aggregate gross proceeds from the Offering approximate the aggregate cash consideration payable in connection with the Repurchase. In conjunction with any Repurchase of the Existing 2029 Convertible Notes and Existing 2030 Convertible Notes, the principal amount of debt outstanding under the Existing Convertible Notes will be reduced accordingly and will be extinguished and, accordingly, will no longer be convertible into IREN’s ordinary shares prior to maturity or otherwise. Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as placement agents for the Offering.
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