435,381,960 Common Stock of TeraWulf Inc. are subject to a Lock-Up Agreement Ending on 15-MAY-2026. These Common Stock will be under lockup for 31 days starting from 14-APR-2026 to 15-MAY-2026.

Details:
The directors and officers have entered into lock-up agreements with the underwriters prior to the commencement of this offering pursuant to which each of these persons, with limited exceptions, through the 30-day restricted period after the date of this prospectus supplement, may not, without the prior written consent of Morgan Stanley & Co. LLC or pursuant to certain limited exceptions, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exercisable or exchangeable for common stock (including without limitation, common stock or such other securities which may be deemed to be beneficially owned by the lock-up party in accordance with the rules and regulations of the Commission and securities which may be issued upon exercise of a stock option or warrant)