secwatch.observer — SEC 8-K summary
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Issuer:     IDEANOMICS, INC. (—)
CIK:        0000837852
Form:       8-K/A
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001104659-23-010932
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ideanomics closes Via Motors merger with $450M base value; issues ~137M shares + convertible preferred
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- Base Value set at $450M; Target Net Working Capital -$14.6M; Special Indemnity Escrow $23.4M.
- Closing consideration: 125.7M common shares, 1.16M Series C Preferred (convertible 20:1), plus 11.9M shares from equity plan.
- Earnout up to $180M in Series C Preferred through Dec 2027 tied to performance targets.
- Under SEPA, YA II PN advanced $4M for 31M Ideanomics common shares on Jan 26, 2023.
- First Amendment to Merger Agreement revised option/RSU conversion mechanics before closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837852/000110465923010932/0001104659-23-010932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837852/000110465923010932/tm235157d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-010932

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