STOCK TITAN

Akerna Corp. - KERN STOCK NEWS

Welcome to our dedicated page for Akerna news (Ticker: KERN), a resource for investors and traders seeking the latest updates and insights on Akerna stock.

Akerna Corp. (symbol: KERN) is a forward-thinking technology company specializing in software solutions for the cannabis industry. Established in 2010, the company has rapidly grown to become an industry leader, offering comprehensive data and consulting services tailored specifically for cannabis businesses. Akerna's flagship technology, MJ Freeway®, processes over $5 billion in cannabis sales transactions and serves clients across the United States, Canada, Europe, and Australia.

The core of MJ Freeway's offerings is a patented seed-to-sale supply chain ERP platform. This platform leverages sophisticated business intelligence insights to help cannabis businesses manage their operations more efficiently and stay compliant with regulatory requirements. Additionally, MJ Freeway's Leaf Data Systems technology empowers governments to monitor cannabis production and distribution, preventing diversion and ensuring the safety of patients, the public, and products.

In terms of consulting, MJ Freeway offers a complete suite of services designed to assist cannabis businesses in optimizing their operations, from initial setup to scaling their ventures. These consulting services provide expert guidance on navigating the complexities of the cannabis industry, ensuring that businesses are well-positioned for success.

Recently, Akerna has embarked on a series of strategic moves to enhance its market presence. Notably, the company is involved in proposed transactions with Gryphon Digital Mining, Inc. and MJ Acquisition Co. These transactions are expected to close around January 31, 2024, subject to necessary approvals and conditions. Gryphon Digital Mining is a notable player in the Bitcoin space, focusing on integrating digital assets into the clean energy grid with a net carbon-negative strategy.

Financially, Akerna remains committed to managing its operational expenses and navigating the costs associated with these proposed transactions. The company actively engages with investors and stakeholders, providing transparency through regular filings with the U.S. Securities and Exchange Commission (SEC).

For more information about Akerna Corp. and its innovative solutions for the cannabis industry, visit their official website at Akerna.com or contact their Investor Relations department at (516) 419-9915.

News
Rhea-AI Summary
Gryphon Digital Mining, Inc. debuts on Nasdaq as 'GRYP' after merging with Akerna Corp to create a carbon-negative bitcoin miner. The company boasts a total hashrate of 1.3 EH/s with S19K Pro machines, producing 788 bitcoin-equivalent coins in 2023. Gryphon excels in operational efficiency, ranking among the top three in bitcoin efficiency and plans to use 100% hydro power for mining operations in 2024. With a focus on ESG initiatives and carbon offset credits, Gryphon aims to lead in sustainability and expand through strategic acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.08%
Tags
none
-
Rhea-AI Summary
Akerna Corp. (Nasdaq: KERN) announced the anticipated closing of a merger with Gryphon Digital Mining, Inc. The combined company is expected to begin trading on Nasdaq under the symbol 'GRYP'. A reverse stock split at a ratio of 1-for-20 is also anticipated. The estimated exchange ratio of shares of Akerna’s common stock for Gryphon common stock and Gryphon preferred stock will be approximately 1.5561 shares of Akerna common stock for each one share of Gryphon Common Stock and Preferred Stock based on estimated aggregate merger consideration of 31,539,011 shares of Akerna common stock, on a post-reverse stock split basis. The actual exchange ratio and merger consideration will depend upon the number of shares of Akerna common stock outstanding as of the closing of the Merger. The number of shares of Akerna common stock outstanding at the closing of the Merger will depend upon the price at which Akerna’s outstanding convertible senior secured notes, subordinated secured notes, shares of Series C preferred stock and outstanding amounts due and payable to certain service providers and officers of Akerna are converted into shares of Akerna common stock based on the closing price of Akerna’s common stock on the trading day immediately prior to closing and/or the 5-day volume weighted average price of Akerna’s common stock immediately prior to closing. Immediately after the consummation of the Merger, Akerna equityholders as of immediately prior to the Merger are expected to own approximately 7.5% of the outstanding equity interests of the combined company on a fully diluted basis and former Gryphon equityholders are expected to own approximately 92.5% of the outstanding equity interests of the combined company on a fully diluted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1739.36%
Tags
-
Rhea-AI Summary
Akerna Corp. (Nasdaq: KERN) has announced a special meeting of stockholders on January 29, 2024, to vote on the proposed merger with Gryphon Digital Mining, Inc. The record date for stockholders entitled to vote is December 21, 2023. Akerna's registration statement on Form S-4 was declared effective by the SEC on January 9, 2024, serving as a proxy statement and prospectus for the Transaction. The declaration of effectiveness by the SEC is a significant step towards the closing of the merger.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.26%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
Tags
-
Rhea-AI Summary

Gryphon Digital Mining is gearing up to present at the Ladenburg Thalmann Technology Expo 2023 in New York on April 27, 2023, at 12:30 pm ET. The presentation will be led by CEO Rob Chang, focusing on the proposed merger with Akerna Corp (NASDAQ: KERN) and Gryphon's operational achievements in the bitcoin mining sector. The company promotes a net carbon-neutral approach in its mining operations.

Attendees can access a live webcast of the presentation online. The Expo will showcase around 50 tech companies across various sectors, fostering a platform for interaction between management teams and investors.

For further details, Gryphon encourages stakeholders to stay updated through their official website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
conferences
-
Rhea-AI Summary

Akerna (Nasdaq: KERN) announced an unsolicited acquisition proposal deemed superior by its Board of Directors. This decision leads to the termination of a previous agreement to sell its software business to POSaBIT. The Board consulted financial and legal advisors, concluding that the new proposal enhances shareholder value. Gryphon Digital Mining, Inc. endorsed this decision, indicating that it will benefit stockholders post-transaction. The undisclosed party will pay the termination fee associated with the POSaBIT agreement. Further details will be shared as negotiations progress and regulatory approvals are secured.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

Akerna (KERN) reported its unaudited financial results for Q4 and the full year 2022, highlighting a total revenue decline of 30% year-over-year for Q4 to $2.8 million, and 23% for the full year to $13.6 million. Software revenue also fell by 24% in Q4 to $2.8 million, with a full-year total of $12.9 million, down 19%. The company recorded a net loss of $25.2 million in Q4, widening from a loss of $17.2 million in the previous year. Akerna's gross profit decreased to $1.6 million in Q4, although gross margin improved to 57%. The firm announced the sale of its 365 Cannabis and Last Call Analytics businesses for approximately $2.9 million and a merger with Gryphon Digital Mining to form a carbon-neutral bitcoin miner.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
-
Rhea-AI Summary

Akerna (Nasdaq: KERN) has provided updates on its strategic transactions with POSaBIT and Gryphon Digital Mining. The company plans to file an S-4 registration statement in 40 days, detailing the concurrent sales of MJ Freeway and Ample Organics to POSaBIT, along with the merger with Gryphon. Akerna intends to submit its annual Form 10-K before this filing. Gryphon is noted for its strong revenue generation, achieving a hashrate of 750 Ph/s and mining 822 bitcoins last year. Additionally, it ranks among the top three bitcoin miners in efficiency and operates with a carbon-negative footprint.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.82%
Tags
none
-
Rhea-AI Summary

Akerna (Nasdaq: KERN) announced on February 1, 2023, that it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share. Previously, on May 24, 2022, Nasdaq notified Akerna that its stock had failed to meet this requirement. However, as of January 27, 2023, Akerna’s stock closed at $1.00 or higher for ten consecutive days, leading to Nasdaq's confirmation of compliance. Akerna also indicated ongoing proposed transactions with Gryphon and POSaBIT, with plans to file relevant materials with the SEC, including a registration statement on Form S-4, detailing these transactions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
none
Rhea-AI Summary

POSaBIT Systems Corporation announced securing up to $11 million in debt and equity financing to fund its acquisition of MJ Platform, Leaf Data Systems, and Ample Organics from Akerna Corp. for US$4 million in cash. This strategic move is expected to significantly enhance POSaBIT’s market presence, doubling its merchant locations to nearly 900 and increasing revenue generation potential to approximately US$11 million with US$6.8 million in gross profit for the 2022 fiscal year. The acquisition, set to close in Q2 2023, will introduce new revenue streams and expand operations into Canada.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.92%
Tags

FAQ

What is the market cap of Akerna (KERN)?

The market cap of Akerna (KERN) is approximately 162.3K.

What is Akerna Corp.?

Akerna Corp. (symbol: KERN) is a technology company offering software, data solutions, and consulting services tailored for the cannabis industry.

What is MJ Freeway?

MJ Freeway® is Akerna's flagship technology, a seed-to-sale supply chain ERP platform that processes over $5 billion in cannabis sales transactions.

Where does Akerna operate?

Akerna serves clients in every regulated cannabis market across the United States, Canada, Europe, and Australia.

What are Akerna's recent achievements?

Akerna is involved in proposed transactions with Gryphon Digital Mining, expected to close around January 31, 2024, aiming to enhance its market presence.

What consulting services does Akerna offer?

Akerna provides a complete suite of consulting services for cannabis businesses, offering guidance from initial setup to scaling operations.

What is Leaf Data Systems?

Leaf Data Systems is Akerna's technology solution that helps governments track cannabis, prevent diversion, and ensure safety for patients, the public, and products.

How does Akerna support regulatory compliance?

Akerna's ERP platform and Leaf Data Systems enable cannabis businesses and governments to manage operations and ensure regulatory compliance.

What are the details of Akerna's proposed transactions?

Akerna has filed a registration statement on Form S-4 with the SEC for the proposed transactions with Gryphon Digital Mining and MJ Acquisition Co.

How can investors obtain more information?

Investors can access Akerna's filings on the SEC’s website or Akerna’s official website, and contact Akerna’s Investor Relations at (516) 419-9915.

What is Gryphon Digital Mining?

Gryphon Digital Mining is a Bitcoin mining venture focused on clean energy integration, with a net carbon-negative strategy.

Akerna Corp.

Nasdaq:KERN

KERN Rankings

KERN Stock Data

162.32k
456.43k
1.06%
Health Information Services
Healthcare
Link
United States
Denver