secwatch.observer — SEC 8-K summary
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Issuer:     IDEANOMICS, INC. (—)
CIK:        0000837852
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001104659-23-009345
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ideanomics completes acquisition of VIA Motors for $450M base value plus potential $180M earnout
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- Deal closed January 26, 2023; VIA becomes wholly owned subsidiary of Ideanomics (NASDAQ: IDEX).
- Base consideration of $450M (Base Value) plus Earnout of up to $180M in convertible preferred shares through Dec 31, 2027.
- Series C Preferred Stock created: 2M shares, each convertible into 20 common shares; no dividend rights.
- Under SEPA, Ideanomics requested $4M advance by issuing 31M shares to YA II PN, Ltd.
- Ideanomics Energy becomes preferred charging partner for VIA; collaboration on VIA's VTRUX portfolio of Class 2-5 EVs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837852/000110465923009345/0001104659-23-009345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837852/000110465923009345/tm234515d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-009345

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer