IKONICS CORPORATION (NASDAQ:IKNX) Files An 8-K Regulation FD Disclosure

ME Staff 8-k
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IKONICS CORPORATION (NASDAQ:IKNX) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.

In connection with the previously announced share repurchase plan of IKONICS Corporation (the “Company”), on August17, 2017, the Company agreed in a privately negotiated transaction to repurchase 25,000 shares of its common stock from a greater than 10% shareholder of the Company. The aggregate price for the shares to be repurchased and sold in the transaction is $218,750. The transaction closed on August17, 2017.


About IKONICS CORPORATION (NASDAQ:IKNX)

IKONICS Corporation is engaged in the development and manufacturing of photochemical imaging systems for sale primarily to a range of printers and decorators of surfaces. The Company has five operating segments: Domestic, Export, IKONICS Imaging, Digital Texturing (DTX) and Advanced Material Solutions (AMS). Domestic segment sells screen printing film, emulsions, and inkjet receptive film to distributors located in the United States and Canada. IKONICS Imaging segment sells photo resistant film, art supplies, glass, metal medium and related abrasive etching equipment. AMS segment provides sound deadening technology to the aerospace industry along with products and services for etched composites, ceramics, glass and silicon wafers. DTX segment includes products and customers related to inkjet technology used for mold texturing and prototyping. Export segment sells primarily the same products as Domestic and the IKONICS Imaging products not related to AMS or DTX.