secwatch.observer — SEC 8-K summary
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Issuer:     IDEANOMICS, INC. (—)
CIK:        0000837852
Form:       8-K/A
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001628280-24-050149
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 1.03, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ideanomics files Chapter 11; enters APA to sell substantially all assets to Tillou Management
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- Voluntary Chapter 11 petition filed December 4, 2024 in Delaware Bankruptcy Court.
- Asset purchase agreement with Tillou Management provides for credit bid and assumption of liabilities; close expected Q1 2025.
- DIP financing of up to $11.6M new money at 12% interest; existing claims up to $18.9M to be converted into DIP loans.
- Company seeking approval to sell assets under Section 363; Tillou designated as stalking horse subject to higher bids.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837852/000162828024050149/0001628280-24-050149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837852/000162828024050149/idex-20241204.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050149

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