IKONICS Corporation (IKNX)

DULUTH, Minn., Aug. 06, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its second quarter 2021 earnings. Revenue for the second quarter of 2021 was $4,251,000 compared to $2,572,000 for the same period in 2020, an increase of 65%. IKONICS posted a second quarter loss of $722,000 or $0.37 per diluted share, versus the second quarter 2020 pandemic related loss of $1,042,000, or $0.53 per diluted share. For the six months ending June 30, 2021, the Company realized a net loss of $0.53 per diluted share compared to a net loss of $0.82 per diluted share for the same period in 2020.

NEW YORK, July 6, 2021 /PRNewswire/ -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders.  Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies: IKONICS Corporation ( NASDAQ: IKNX) IKONICS has agreed to merge with TeraWulf.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of IKONICS Corporation (NasdaqGS: IKNX) to TeraWulf Inc. Under the terms of the proposed transaction, shareholders of IKONICS will receive $5.00 in cash, one CVR, and one share of the combined company's common stock for each share of IKONICS that they own. KSF is seeking to determine whether this consideration an

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 stock price of IKONICS Corporation (NASDAQ: IKNX) increased 64.25%. This is why it happened.

NEW YORK, June 25, 2021 /PRNewswire/ -- 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.

Ikonics Corp (NASDAQ: IKNX) is trading significantly higher after the company announced that it plans to merge with Bitcoin (CYPTO:BTC) mining company, TeraWulf Inc.  What Happened: The two companies announced that they entered into a definitive merger agreement to combine under a new holding company named TeraWulf Inc. The new company will be listed on the Nasdaq and trade under the ticker symbol “WULF."

DULUTH, Minn., May 20, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation. (NASDAQ: IKNX), a Duluth, Minnesota based imaging technology company and leading global manufacturer of photochemistry products announced they will work together with Teresa Collins Studio, a worldwide brand in the creative crafts market. The companies agree to collaborate in the promotion of the Ikonart® Custom Stencil Kit along with the Ikonart ancillary product line, leading to creative resources for crafters in the worldwide art supplies industry.

DULUTH, Minn., April 29, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its first quarter 2021 earnings. Net Sales were $3,073,000 compared to $3,497,000 in 2020, a decline of 12.1%. IKONICS realized a net loss of $322,000, or $0.16 per diluted share, a 45.1% improvement over the $587,000 net loss, or $0.30 per diluted share, for the same quarter of 2020.

DULUTH, Minn., Feb. 18, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company” or “IKONICS”) (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2020 and fourth quarter financial results. IKONICS had 2020 revenue of $13,432,000, down 23.8% from the prior year. The Company realized a net loss for 2020 of $439,000, or $0.22 per diluted share, compared to a 2019 loss of $814,000, or $0.41 per diluted share. Fourth quarter sales were $4,228,000, down 14.8% versus the same quarter in 2019. Earnings for the fourth quarter improved from a loss of $80,000, or $0.04 per diluted share, in 2019 to income of $1,463,000, or $0.74 per diluted share in 2020. Year-to-date and fourth quarter earnings in 2020 were both favorably impacted by the Company receiving forgiveness on its $1,215,000 SBA PPP loan.

DULUTH, Minn., Oct. 29, 2020 (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced third quarter 2020 earnings. IKONICS recorded third quarter 2020 revenue of $3,135,000 compared to $4,530,000 in 2019, a decline of 31%. IKONICS posted a third quarter 2020 loss of $274,000, or $0.14 per diluted share, compared to a loss of $163,000, or $0.08 per diluted share, for the same period in 2019. For the nine months ending September 30, 2020, the Company realized a net loss of $0.96 per diluted share compared to a net loss of $0.37 per diluted share for the same period in 2019.

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