CVR on IKONICS legacy business sale
Company: TeraWulf
The claim, verbatim
The CVRs would entitle IKONICS holders to 95% of net proceeds from any sale of the legacy business completed within 18 months of closing.
Source (primary)
Reinhardt 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 Reinhardt 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”