June 25, 2021
IKONICS Corporation Investigation
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of IKONICS (“IKONICS” or the “Company”) (NASDAQ: IKNX) in connection with the proposed acquisition of the Company by TeraWulf Inc. (“TeraWulf”), a privately held bitcoin mining company. Under the terms of the merger agreement, IKONICS shareholders will receive $5.00 in cash, one contingent value right (“CVR”), and one share of the combined company's common stock.
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