IKONICS

TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded on February 8, 2021 and is headquartered in Easton, MD.

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TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded by Paul Prager and Nazar Khan on February 8, 2021 and is headquartered in Easton, MD.

EASTON, Maryland and DULUTH, Minnesota, Nov. 15, 2021 /PRNewswire/ -- TeraWulf Inc. ("TeraWulf"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States, and IKONICS Corporation ("IKONICS") (Nasdaq: IKNX) announced today that the registration statement on Form S-4 (as amended), which includes a definitive proxy statement/ prospectus, filed with the Securities and Exchange Commission (the "SEC") in connection with their previously announced business combination was declared effective by the SEC on November 12, 2021. A special meeting of IKONICS shareholders (the "Special Meeting") to vote on the business combination, among other matters, is scheduled to be held virtually at 8:00 a.m.

TeraWulf Inc. and IKONICS Corporation Announce Effectiveness of Registration Statement and Special Meeting Date in Connection with Proposed Business Combination

DULUTH, Minn., Oct. 28, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its third quarter 2021 earnings. The Company posted record third quarter revenue in 2021 with sales of $4,743,000 compared to $3,135,000 for the same period in 2020, an increase of 51%. IKONICS realized a third quarter loss of $851,000 or $0.43 per diluted share, versus the third quarter 2020 loss of $274,000, or $0.14 per diluted share.   For each of the nine months ending September 30, 2021 and 2020, the net loss was $0.96 per diluted share.

IKONICS Announces Third Quarter 2021 Results

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.

IKONICS Announces Second Quarter 2021 Results

EASTON, Md., July 12, 2021 /PRNewswire/ -- TeraWulf Inc. ("TeraWulf"), a U.S.-based bitcoin mining company, today announced that it has joined the Bitcoin Mining Council.

TeraWulf Inc. Joins the Bitcoin Mining Council

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

IKONICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of IKONICS Corporation - IKNX

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.

IKONICS Merger investigation: Halper Sadeh LLP Announces Investigation Into Whether The Sale Of IKONICS Corporation Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm - IKNX

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

IKNX Stock Price Increased 64.25%: 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.

SHAREHOLDER ALERT: WeissLaw LLP Investigates IKONICS

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."

Why Ikonics Stock Is Surging Today

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.

Ikonart® and Teresa Collins Announce Brand Collaboration to Accelerate Product Growth & Distribution

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.

IKONICS Announces Improved First Quarter 2021 Results

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.

IKONICS Announces Improved 2020 and Fourth Quarter Results

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.

IKONICS Announces Third Quarter 2020 Results

DULUTH, Minn., Aug.  07, 2020  (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced second quarter 2020 earnings.  IKONICS recorded second quarter 2020 revenue of $2,572,000 compared to $4,596,000 in 2019, a decline of 44%. IKONICS posted a second quarter 2020 loss of $1,042,000, or $0.53 per diluted share, compared to a loss of $116,000, or $0.06 per diluted share, for the same period in 2019.  For the six months ended June 30, 2020, the Company realized a net loss of $0.82 per diluted share compared to a net loss of $0.29 per diluted share for the same period in 2019.

IKONICS Announces Second Quarter 2020 Results

DULUTH, Minn., June  26, 2020  (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced it will furlough approximately 40% of its 81 employee workforce until July 31, 2020. Employees were notified on June 25th, 2020 and furloughed employees will continue to receive benefits.  In addition to the furlough, IKONICS is suspending the company’s contribution to its 401(k) retirement plan.  These measures, together with previous actions that included a reduction of officer and board compensation, and the elimination of all non-essential expenditures will help to partially offset the impact of lost revenue from the COVID-19 pandemic.

IKONICS Announces Furloughs and Additional Cost Cutting Measures

DULUTH, Minn., April  23, 2020  (GLOBE NEWSWIRE) -- IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced it has expanded its lineup of advanced imaging stencil films with the addition of IKONART® Textile Film.  Sold under the IKONART brand, IKONART Textile Film offers similarities to IKONART Stencil Film with a stickier and slightly more rigid feel making it ideal for printing on fabric, wood, and other textured or difficult surfaces.

IKONICS Launches Custom Textile Stencil for Global Creative Arts Market

DULUTH, Minn., Jan.  27, 2020  (GLOBE NEWSWIRE) -- IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, introduced Hydrokon™ Water Transfer Film, an internally developed and manufactured product for the hydrographics printing market. 

IKONICS Develops Film for the Hydrographics Printing Market

DULUTH, Minn., Jan.  07, 2020  (GLOBE NEWSWIRE) -- IKONICS Corporation (the “Company”) (Nasdaq: IKNX) announced today that William C. Ulland, President, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of the Company, will retire as President and Chief Executive Officer effective February 10, 2020, and that the Board has elected Glenn Sandgren, to succeed him. Mr. Ulland will continue in his role as Chairman of the Board.  Mr. Sandgren will also serve on the Company’s Board.

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