Symbol: $IDEX Description: Ideanomics, Inc. focuses on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and Fintech products. Its Mobile Energy Global division provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles.
David Joseph
$IDEX Ideanomics has raised another $80M for a total of ~ $275,000,000 for future acquisitions, investment, and overall growth in the EV & Fintech sectors.
SEC Filings Reports
424B2 Form of prospectus filed in connection with primary offering of securities on a delayed basis
PROSPECTUS SUPPLEMENT
$80,000,000
Ideanomics, Inc.
4% Convertible Note Due 2021
Pursuant to this prospectus supplement and the accompanying prospectus, Ideanomics, Inc. (the “Company”, “we” or “us”) is offering $80,000,000 aggregate principal amount (the “Principal”) of our 4% convertible notes due 2021 (the “Note”) directly to YA II PN, Ltd. (the “Investor”) (and this prospectus supplement also relates to the shares of common stock that are issuable upon exercise of the Note) (the “Offering”). We will receive $80,000,000 from this Offering.
The Note has a fixed conversion price of $4.95 (the “Conversion Price). The Conversion Price is not subject to adjustment except for subdivisions or combinations of common stock. The Principal and the interest payable under the Note will mature on August 8, 2021 (the “Maturity Date), unless earlier converted or redeemed by the Company.
At any time before the Maturity Date, the Investor may convert the Note at their option into shares of our common stock at a fixed conversion price of $4.95.
https://investors.ideanomics.com/sec-filings
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