secwatch.observer — SEC 8-K summary
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Issuer:     IDEANOMICS, INC. (—)
CIK:        0000837852
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001628280-24-050147
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ideanomics files Chapter 11, agrees to sell substantially all assets to Tillou Management
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- Filed Chapter 11 petitions on Dec 4, 2024 in Delaware Bankruptcy Court; seeks sale of substantially all assets under Section 363.
- APA with Tillou Management (stalking horse) for asset sale; purchase price includes assumption of liabilities, cash for cure costs, and credit bid of existing claims.
- DIP credit agreement with Tillou for up to $11.619M new money at 12% interest; up to $18.87M of existing claims converted to DIP loans.
- Closing expected in Q1 2025, subject to Bankruptcy Court approval, auction for higher bids, and other conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837852/000162828024050147/0001628280-24-050147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837852/000162828024050147/idex-20241204.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050147

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