Summary by Moomoo AI
Revolve Capital LLC, a Puerto Rico-based limited liability company, has filed an amendment to its Schedule 13G, indicating a significant ownership stake in TeraWulf Inc. As of December 31, 2023, Revolve Capital holds 19,746,465 shares, representing 8.1% of TeraWulf's common stock. This stake includes 17,860,622 shares of common stock, 298,541 shares convertible from Series A Convertible Preferred Stock, and 1,587,302 warrants exercisable for common stock. Lauren O'Rourke, the sole member, President, and Secretary of Revolve Capital LLC, possesses sole voting and dispositive power over these shares. The filing, dated February 13, 2024, asserts that the shares were not acquired for the purpose of changing or influencing the control of TeraWulf Inc. and were not part of any transaction with such purpose or effect.