Share this article Share this article NEW YORK, June 25, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating IKONICS Corp. ("IKNX" or the "Company") (IKNX) relating to its proposed acquisition by TeraWulf, Inc. Under the terms of the agreement, IKNX shareholders will receive $5.00 in cash, one contingent value right, and one share of the newly combined company per share they own. The investigation focuses on whether IKONICS Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.