Akerna Amends 8-K on Asset Transaction, Clarifies Dec 28 Event

TL;DR

**Akerna just amended its 8-K, clarifying a recent asset deal from December 28, 2023.**

AI Summary

Akerna Corp. filed an Amendment No. 1 to its Form 8-K on January 4, 2024, clarifying details related to an acquisition or disposition of assets that occurred on December 28, 2023. This amendment, filed under the Securities Exchange Act of 1934, specifically addresses Item 2.01 (Completion of Acquisition or Disposition of Assets) and Item 9.01 (Financial Statements and Exhibits). For investors, this matters because it provides updated or corrected information about a significant corporate transaction, which could impact the company's financial health and future prospects, potentially affecting stock valuation.

Why It Matters

This amendment provides updated information on a significant asset transaction, which is crucial for investors to understand the company's current financial structure and future strategic direction.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, suggesting clarification rather than a new, unexpected event, thus posing a lower immediate risk.

Analyst Insight

Investors should review the original 8-K and this amendment to understand the full scope and implications of the asset transaction, as clarified details could influence future financial performance.

Key Numbers

• 001-39096 — Commission File Number (identifies Akerna Corp.'s filings with the SEC)
• 888-932-6537 — Business Phone Number (Akerna Corp.'s contact number)

Key Players & Entities

• Akerna Corp. (company) — the registrant filing the 8-K/A
• MTech Acquisition Holdings Inc. (company) — Akerna Corp.'s former name
• December 28, 2023 (date) — date of the earliest event reported in the 8-K/A
• January 4, 2024 (date) — date the 8-K/A was filed
• 83-2242651 (number) — Akerna Corp.'s IRS Employer Identification No.

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share KERN NASDAQ Capital Marke

Filing Documents

• ea191161-8k425a1_akerna.htm (8-K/A) — 42KB
• ea191161ex99-1_akerna.htm (EX-99.1) — 87KB
• 0001213900-24-001238.txt ( ) — 358KB
• kern-20231228_def.xml (EX-101.DEF) — 26KB
• kern-20231228_lab.xml (EX-101.LAB) — 36KB
• kern-20231228_pre.xml (EX-101.PRE) — 25KB
• kern-20231228.xsd (EX-101.SCH) — 4KB
• ea191161-8k425a1_akerna_htm.xml (XML) — 6KB

01 Completion of Acquisition of Disposition Agreement

Item 2.01 Completion of Acquisition of Disposition Agreement This Amendment supplements the Original Form 8-K filed with the SEC on December 29, 2023, regarding the disposition of Ample. The purpose of this Amendment is to file the unaudited pro forma financial information required by Item 9.01 of Form 8-K. All other disclosure under Items 1.01 and 2.01 in the Original Form 8-K remains the same and is hereby incorporated by reference into this Current Report on Form 8-K/A.

01 Financial

Item 9.01 Financial (b) Pro Forma Financial Information. The unaudited pro forma condensed combined financial information of the Company, giving effect to the disposition of Ample, which includes the unaudited pro forma condensed combined balance sheet as of September 30, 2023 and the unaudited pro forma condensed combined statements of income for the year ended December 31, 2022 and for the nine months ended September 30, 2023 and the related notes, are incorporated herein by reference as Exhibit 99.1 hereto . The pro forma financial information included in this Form 8-K/A has been presented for informational purposes only and is not necessarily indicative of the combined financial position or results of operations that would have been realized had the dispostion of Ample occurred as of the dates indicated, nor is it meant to be indicative of any anticipated combined financial position or future results of operations that the Company will experience after the disposition. (d) Exhibits. Exhibit Number Description 2.1+ Third Amendment to Securities Purchase Agreement by and between the Company, Akerna Canada Ample Exchange and MJ Acquisition Corp. incorporated by reference to Exhibit 2.11 to the Company's Registration Statement on Form S-4/A as filed with the Commission on December 28, 2023) 10.1+ Share Purchase Agreement by and between Akerna, Akerna Canada Ample Exchange and Wilcompute Systems Group dated December 28, 2023 (incorporated by reference to Exhibit 10.71 to the Company's Registration Statement on Form S-4/A as filed with the Commission on December 28, 2023) 10.2+ Intellectual Property Purchase Agreement by and between the Company and Ample Organics dated December 28, 2023 (incorporated by reference to Exhibit 10.72 to the Company's Registration Statement on Form S-4/A as filed with the Commission on December 28, 2023) 10.3+ Collateral Agent Release and Agreement dated December 28, 2023 (incorporated by ref

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View this 8-K/A filing on SEC EDGAR