IKONICS Corporation Acquisition
Company: TeraWulf
The claim, verbatim
Completed acquisition of IKONICS Corporation on December 13, 2021 for total consideration of $66.3 million through reverse merger transaction
Source (primary)
TeraWulf 10-K filed 2022-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On December 13, 2021, the Company completed its acquisition of IKONICS Corporation for total consideration of $66.3 million through a reverse merger transaction”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the December 13, 2021 IKONICS acquisition for $66.3 million total consideration via reverse merger.
Confirmed in the source:
- TeraWulf completed the acquisition of IKONICS Corporation on December 13, 2021
- Total consideration was $66.3 million
- The transaction was structured as a reverse merger
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922041168/wulf-20211231x10k.htm) in full (353,283 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2022-03-31
Quote: “On December 13, 2021, the Company completed its acquisition of IKONICS Corporation for total consideration of $66.3 million through a reverse merger transaction”