Sec Form 13G Filing - Revolve Capital LLC filing for TERAWULF INC. (WULF) - 2024-02-13

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

TERAWULF INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

88080T104

(CUSIP Number)

December 31, 2023

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 88080T104

 

 1   

 NAMES OF REPORTING PERSONS

 

 Revolve Capital LLC

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 (a) ☐  (b) ☐

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Puerto Rico

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

 SOLE VOTING POWER

 

 19,746,465(1)

   6   

 SHARED VOTING POWER

 

 0

   7   

 SOLE DISPOSITIVE POWER

 

 19,746,465(1)

   8   

 SHARED DISPOSITIVE POWER

 

 0

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 19,746,465(1)

10  

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 8.1%(2)

12  

 TYPE OF REPORTING PERSON (See Instructions)

 

 OO

 

(1)

The shares are held of record by Revolve Capital LLC and comprises (i) 17,860,622 shares of Common Stock, (ii) 298,541 shares of Common Stock into which shares of Series A Convertible Preferred Stock are convertible, which includes dividends accumulated through December 31, 2023, and (iii) 1,587,302 warrants exercisable at any time at the option of the holder thereof for an equal number of fully paid and non-assessable shares of the Issuer’s Common Stock.

(2) 

Based on 240,915,308 shares of the Common Stock, par value $.001 per share of the Issuer outstanding as of November 30, 2023, as reported in the Issuer’s Amendment No. 2 to Form S-3, filed with the Securities and Exchange Commission on January 16, 2024.


ITEM 1.(a)

NAME OF ISSUER:

TeraWulf Inc.

 

  (b)

ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES:

9 Federal Street, Easton, MD 21601

 

ITEM 2. (a)

NAME OF PERSON FILING:

Revolve Capital LLC

 

  (b)

ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

339 Dorado Beach East, Dorado, PR 00646

 

  (c)

CITIZENSHIP:

Revolve Capital LLC is a Puerto Rico limited liability company.

 

  (d)

TITLE OF CLASS OF SECURITIES:

Common Stock

 

  (e)

CUSIP NUMBER:

88080T104

 

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b), OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 

(a)       Broker or dealer registered under Section 15 of the Act.
(b)       Bank as defined in Section 3(a)(6) of the Act.
(c)       Insurance company as defined in Section 3(a)(19) of the Act.
(d)       Investment company registered under Section 8 of the Investment Company Act of 1940.
(e)       An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)       An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)       A parent holding company or control person in accordance with § 240.13d-1(b)(l)(ii)(G);
(h)       A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
(i)       A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
(j)       A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
(k)       Group, in accordance with § 240.13d-1(b)(l)(ii)(K).

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1(ii)(j), please specify the type of institution: ________________

Not Applicable.


ITEM 4.

OWNERSHIP.

 

  (a)

AMOUNT BENEFICIALLY OWNED:

The shares of common stock are held of r ecord by Revolve Capital LLC. Lauren O’Rourke is the sole member, President and Secretary of Revolve Capital LLC and has voting and dispositive power over the shares of TeraWulf common stock owned by Revolve Capital LLC.

 

  (b)

PERCENT OF CLASS:

8.1%

 

  (c)

NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

 

  (i)

Sole power to vote or to direct the vote: 19,746,465(1)

 

  (ii)

Shared power to vote or to direct the vote: 0

 

  (iii)

Sole power to dispose or to direct the disposition of: 19,746,465(1)

 

  (iv)

Shared power to dispose of or to direct the disposition of: 0

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

Not Applicable.

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

Not Applicable.

 

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.

Not Applicable.

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

Not applicable.

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP.

Not applicable.

 

ITEM 10.

CERTIFICATIONS.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a11.

 

(1)

The shares comprises (i) 17,860,622 shares of Common Stock, (ii) 298,541 shares of Common Stock into which shares of Series A Convertible Preferred Stock are convertible, which includes dividends accumulated through December 31, 2023, and (iii) 1,587,302 warrants exercisable at any time at the option of the holder thereof for an equal number of fully paid and non-assessable shares of the Issuer’s Common Stock


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

REVOLVE CAPITAL LLC

February_13, 2024

(Date)

/s/ Lauren O’Rourke

Lauren O’Rourke, President