M&A · Financials · Finance Services
TeraWulf Inc. to acquire Ikonics Corp
Announced Jun 25, 2021 · Closed Dec 13, 2021
Deal value$10M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock$5.00 per share
Transaction
- Acquirer
- TeraWulf Inc.
- Target
- Ikonics Corp (IKNX)
- Buyer type
- Strategic
- Offer price per share
- $5.00
- Enterprise value
- —
- Status
- Closed Dec 13, 2021
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Moelis
- To the target
- Northland Capital Markets
Sector context · Financials
- Comparable deals
- 35 in the prior 24 months
- Premium
- Sector median 45.7%
- EV / Adj. EBITDA
- Sector median 21.7x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedJun 25, 2021
- S-4 filedJul 30, 2021
- ClosedDec 13, 2021