secwatch.observer — SEC 8-K summary
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Issuer:     IDEANOMICS, INC. (—)
CIK:        0000837852
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-008040
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ideanomics issues $1.9M secured convertible debenture at 8% interest, due Sept 2024
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- Issued $1.9M principal debenture (purchase price $1.5M) to YA II PN, Ltd.; matures Sept 30, 2024.
- Interest 8% (18% on default); conversion price lower of $1.12 or 90% of 10-day VWAP (floor $0.204).
- Proceeds to support operational needs and initial costs for Wireless Advanced Vehicle Electrification LLC and a prior disclosed purchase order.
- Debenture secured and guaranteed; includes standard conversion limitations (4.99% beneficial ownership cap).
- Event of default triggers acceleration and right to convert at variable price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837852/000162828024008040/0001628280-24-008040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837852/000162828024008040/idex-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-008040

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