CVR on sale of IKONICS legacy business
Company: TeraWulf
The claim, verbatim
Complaint quotes the merger press release: CVR holders are entitled to 95% of net proceeds from any sale of IKONICS's legacy business completed within 18 months after closing, and the legacy business will be positioned for sale.
Source (primary)
Jacobs v. Ikonics Corporation — Entry #1: COMPLAINT against Marianne Bohren, Lockwood Carlson, Jeffrey D (RECAP, court_filing)
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Quote: “the IKONICS shareholders will be entitled to received 95% of the net proceeds from any sale of IKONICS's legacy business completed during the 18 months following the closing of the business combination”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Jacobs v. Ikonics Corporation — Entry #1: COMPLAINT against Marianne Bohren, Lockwood Carlson, Jeffrey D
Quote: “the IKONICS shareholders will be entitled to received 95% of the net proceeds from any sale of IKONICS's legacy business completed during the 18 months following the closing of the business combination”