NEW YORK, June 27, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of IKONICS Corporation (NASDAQ: IKNX) to TeraWulf Inc. is fair to IKONICS shareholders. Under the terms of the agreement, each outstanding share of IKONICS common stock will receive $5.00 in cash, one Contingent Value Right, and one share of the combined company's common stock.
The investigation concerns whether IKONICS and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for IKONICS shareholders; (2) determine whether TeraWulf is underpaying for IKONICS; and (3) disclose all material information necessary for IKONICS shareholders to adequately assess and value the merger consideration. On behalf of IKONICS shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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