TeraWulf NasdaqCM:WULF Stock Report

TeraWulf Inc. Announces Kenneth Deane as Chief Accounting Officer and Treasurer

TeraWulf Inc., Annual General Meeting, Jun 22, 2022

TeraWulf Inc., Annual General Meeting, Jun 22, 2022, at 12:00 Eastern Daylight. Location: Ebenezer Theater, 17 South Washington Street Easton Maryland United States Agenda: To consider the election of Paul B. Prager, Nazar M. Khan, Kerri M. Langlais, Michael C. Bucella, Walter E. Carter, Catherine J. Motz, Jason G. New, Steven T. Pincus and Lisa A. Prager to the company’s board of directors for one-year terms; the approval, on a non-binding, advisory basis, of the compensation of named executive officers; the ratification of the appointment of RSM US LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other business as may properly come before the annual meeting, or any postponement or adjournment thereof.

Less than half of directors are independent

Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jason New was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.

Insider recently bought US$1.2m worth of stock

On the 11th of April, Lauren O’Rourke bought around 159k shares on-market at roughly US$7.88 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$3.1m. Insiders have collectively bought US$7.1m more in shares than they have sold in the last 12 months.