Akerna Corp. Announces Anticipated Closing Of The Merger With Gryphon Digital Mining, Inc. As February 9, 2024 And 1-For-20 Reverse Stock Split; Will Trade Under The New Name "Gryphon Digital Mining, Inc.", Under The Symbol "GRYP"
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Akerna Corp. (NASDAQ:KERN) announced the expected closing of its merger with Gryphon Digital Mining, Inc. on February 9, 2024, before markets open. The merger will result in a 1-for-20 reverse stock split for Akerna's common stock. Post-merger, the combined entity will trade under the new name 'Gryphon Digital Mining, Inc.' and symbol 'GRYP' on Nasdaq. Akerna stockholders approved the merger, sale transaction, reverse stock split, and name change in a special meeting. The reverse stock split will adjust all related securities and equity incentive plans accordingly, with no fractional shares issued. Akerna's transfer agent, Continental Stock Transfer & Trust Company, will manage the reverse stock split and issue instructions to stockholders.
February 07, 2024 | 5:01 pm
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Akerna Corp. is set to complete a merger with Gryphon Digital Mining, Inc. and undergo a 1-for-20 reverse stock split, with the combined entity trading under the new symbol 'GRYP'.
The merger and reverse stock split are significant corporate actions that typically lead to increased investor interest and potential stock price volatility in the short term. The transition to trading under a new symbol and company name could attract attention from investors looking for opportunities in the digital mining sector, potentially leading to a positive impact on the stock price.
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