SCHEDULE 13G/A: Revolve Capital LLC Discloses Reduced Stake in TeraWulf Inc. Below 5%

Revolve Capital LLC has filed an amended Schedule 13G, reporting its beneficial ownership in TeraWulf Inc. has decreased to 4.9% of common stock outstanding.

Summary

• Revolve Capital LLC, a Puerto Rico limited liability company, reported beneficial ownership of 18,985,071 shares of TeraWulf Inc. common stock.
• This represents 4.9% of TeraWulf Inc.'s common stock outstanding as of May 23, 2025, based on 383,137,722 shares reported by the Issuer.
• The ownership comprises 17,060,622 shares of common stock (following a gift of 800,000 shares to a trust), 337,777 shares convertible from Series A Convertible Preferred Stock (including dividends accumulated through December 31, 2024), and 1,587,302 exercisable warrants.
• Lauren O'Rourke, as the sole member, President, and Secretary of Revolve Capital LLC, holds sole voting and dispositive power over these shares.
• The filing is an Amendment No. 3 to Schedule 13G, indicating an update to previous beneficial ownership disclosures.

Sentiment

Score: 4

Explanation: The filing is a factual disclosure of a reduced stake by a significant investor, which is generally perceived as a slight negative for the company as it indicates a reduction in a large position below a key threshold.

Negatives

• Revolve Capital LLC's beneficial ownership in TeraWulf Inc. has decreased to 4.9% of common stock outstanding, falling below the 5% threshold.
• The reduction in ownership includes a gift of 800,000 shares to a trust.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may perceive the reduction in a significant investor's stake as a negative signal, potentially impacting investor confidence and share price.

Key Dates

Keywords

TeraWulf Inc., Revolve Capital LLC, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional ownership, shareholding, TWLF