Akerna Corp. and Gryphon Digital Mining Schedule Merger Vote
Akerna Corp. and Gryphon Digital Mining have announced that a special meeting of Akerna stockholders has been scheduled for January 29, 2024, to vote on a proposed merger with Gryphon Digital Mining. This merger has the potential to create a powerful force in the technology and cryptocurrency mining industries. Akerna Corp., a technology firm, and Gryphon Digital Mining, a leader in carbon-neutral bitcoin mining, are both poised to benefit from this strategic combination.
SEC Approves Proxy Statement for Akerna-Gryphon Merger
The U.S. Securities and Exchange Commission (SEC) has officially declared effective the registration statement on Form S-4, which serves as a proxy statement for Akerna stockholders to solicit votes and as a prospectus for Gryphon stockholders regarding the share issuance under the merger. This announcement follows the completion of the Form S-4, which contains comprehensive information about the merger and is available on the SEC’s website. It is a significant step forward in the merger process.
Akerna and Gryphon Merger Receives Strong Shareholder Support
The record date for stockholders entitled to vote at the special meeting was set as December 21, 2023. And it seems that the merger has garnered significant shareholder support, with approximately 41% of Akerna shareholders and about 72% of Gryphon stockholders already entering into support agreements for the merger. This level of support indicates a strong belief in the potential value and growth prospects of the combined entity.
Gryphon CEO Highlights ESG Commitment in Akerna Merger
During this critical phase of the merger process, Rob Chang, the CEO of Gryphon, has emphasized the companies’ commitment to environmental, social, and governance (ESG) principles. With carbon-neutral bitcoin mining operations as a key element of Gryphon’s business model, this merger aligns with the growing demand for sustainable practices within the cryptocurrency industry. By combining their expertise and resources, Akerna and Gryphon aim to create a company that not only generates financial returns but also addresses environmental concerns.
Akerna-Gryphon Merger Expected to Close on January 31st
The merger between Akerna Corp. and Gryphon Digital Mining is expected to close on January 31, 2024, subject to approval by both Akerna and Gryphon stockholders, final approval by Nasdaq, and other customary closing conditions. The completion of this merger will result in the formation of a new entity, with their common stock anticipated to be listed on Nasdaq under the ticker symbol GRYP. This development represents an exciting and transformative milestone for both companies as they enter a new phase of growth and innovation.
Analyst comment
Positive news. The merger between Akerna Corp. and Gryphon Digital Mining is expected to create a powerful force in the technology and cryptocurrency mining industries. The merger has received strong shareholder support, indicating belief in the potential value and growth prospects of the combined entity. Additionally, the companies’ commitment to environmental, social, and governance (ESG) principles aligns with the growing demand for sustainable practices in the cryptocurrency industry. The merger is expected to close on January 31, 2024, representing an exciting and transformative milestone for both companies. The market is likely to respond positively to the merger, with increased interest and potential growth in the technology and cryptocurrency mining sectors.
