IREN Ltd Files 6-K for Convertible Notes Offering
Ticker: IREN · Form: 6-K · Filed: Dec 4, 2024 · CIK: 1878848
| Field | Detail |
|---|---|
| Company | Iren Ltd (IREN) |
| Form Type | 6-K |
| Filed Date | Dec 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $300 million, $400 million, $40 million, $386.5 million, $425.4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, filing-update, company-name-change
TL;DR
IREN Ltd is raising money via convertible notes, check the 6-K for details.
AI Summary
IREN Ltd, formerly Iris Energy Ltd, filed a Form 6-K on December 4, 2024, reporting on its convertible notes offering. The company, incorporated in Australia with its principal executive office in Sydney, is classified under Finance Services. This filing is an update for the month of December 2024.
Why It Matters
This filing indicates IREN Ltd is actively seeking capital through convertible notes, which could impact its financial structure and future growth prospects.
Risk Assessment
Risk Level: medium — Convertible note offerings can signal a need for capital, potentially indicating financial pressures or aggressive growth plans.
Key Players & Entities
- IREN Ltd (company) — Registrant
- Iris Energy Ltd (company) — Former company name
- Iris Energy Pty Ltd (company) — Former company name
- 20241204 (date) — Filing date
- December 2024 (date) — Reporting period
- 001-41072 (other) — SEC file number
FAQ
What is the purpose of this Form 6-K filing?
The Form 6-K is a Report of Foreign Private Issuer pursuant to Section 13A-16 or 15D-16 under the Securities Exchange Act of 1934, specifically reporting on a convertible notes offering for the month of December 2024.
What is IREN Ltd's former name?
IREN Ltd was formerly known as Iris Energy Ltd, and prior to that, Iris Energy Pty Ltd.
When was the company's name changed from Iris Energy Pty Ltd to IREN Ltd?
The company's name was changed from Iris Energy Pty Ltd on August 17, 2021, and from Iris Energy Ltd on October 22, 2021.
What is IREN Ltd's primary business classification?
IREN Ltd is classified under Standard Industrial Classification as Finance Services [6199].
Where is IREN Ltd's principal executive office located?
IREN Ltd's principal executive office is located at Level 6, 55 Market Street, Sydney, NSW 2000, Australia.
Filing Stats: 746 words · 3 min read · ~2 pages · Grade level 13.6 · Accepted 2024-12-04 06:53:38
Key Financial Figures
- $300 million — ouncing that it launched an offering of $300 million aggregate principal amount of new senio
- $400 million — the pricing of its upsized offering of $400 million in aggregate principal amount of its 3.
- $40 million — s are first issued, up to an additional $40 million aggregate principal amount of the Conve
- $386.5 million — s of the offering will be approximately $386.5 million (or approximately $425.4 million if the
- $425.4 million — mately $386.5 million (or approximately $425.4 million if the initial purchasers exercise in f
- $40.3 million — he Company intends to use approximately $40.3 million of the net proceeds to fund the cost of
- $75.9 million — ring into the capped call transactions, $75.9 million of the net proceeds to fund the cost of
Filing Documents
- ef20039452_6k.htm (6-K) — 13KB
- ef20039452_ex99-1.htm (EX-99.1) — 36KB
- ef20039452_ex99-2.htm (EX-99.2) — 41KB
- image00001.jpg (GRAPHIC) — 15KB
- image00002.jpg (GRAPHIC) — 5KB
- 0001140361-24-048343.txt ( ) — 119KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IREN Limited Date: December 4, 2024 By: /s/ Daniel Roberts Daniel Roberts Co-Chief Executive Officer and Director