secwatch.observer — SEC 8-K summary
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Issuer:     IDEANOMICS, INC. (—)
CIK:        0000837852
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001104659-23-039755
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ideanomics enters $1.4M convertible debenture deal, grants option to buy 70% of Timios/Fiducia for $2.5M
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- Entered Amended Option Agreement granting YA II PN option to purchase 70% of Timios or Fiducia common stock for $2.5M, exercisable after May 30, 2023.
- Issued $1.4M secured convertible debenture to YA II PN; $400k of proceeds used to satisfy outstanding promissory note.
- Debenture carries 8% interest (18% on default), convertible at 95% of lowest 5-day VWAP.
- Company may repay debenture before May 30, 2023 with 50% premium, which would terminate the option.
- Debenture and conversion shares sold under Rule 506(b) exemption; not registered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837852/000110465923039755/0001104659-23-039755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837852/000110465923039755/tm2311130d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-039755

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