Iris Energy Ltd. (IREN) has released an update.
Iris Energy Limited has engaged Clifford Chance as their Australian legal advisers in filing a Registration Statement with the U.S. Securities and Exchange Commission, registering the offer and sale of up to $500 million of their ordinary shares. Clifford Chance has provided a legal opinion confirming that the shares have been duly authorized and, upon completion of certain conditions, will be validly issued, fully paid-up, and non-assessable. The opinions expressed are based solely on Australian law and limited to the documents and assumptions listed in the opinion letter.
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