"The amount of Ideanomics common stock to be registered is estimated solely for the purposes of calculating the registration fee and is based on the sum of: (a) an estimated 192,571,000 shares of Ideanomics common stock to be issued at the closing of the merger and (b) and estimated 131,386,861 shares of Ideanomics common stock that may be issued pursuant to the earnout provisions of the merger agreement described herein. The range of shares that may be issued based on the merger agreement may differ from the foregoing estimates. While the estimated shares to be issued at the closing of the merger will not change, other than due to closing adjustments, the estimated shares to be issued pursuant to the earnout provisions of the merger agreement will be subject to the VWAP (as defined in the merger agreement) at the time of the earnout payment, which will be approximately 5 years from the closing date. If the full earnout payment is made and calculated using the closing price on December 21, 2021 of $1.3700, then the number of shares to be issued pursuant to the earnout payment would be 131,386,861. The actual value of the consideration and number of shares to be issued may differ from the foregoing, since that the actual value and number of shares to be issued as consideration for the earnout will not be determined until after the closing date."
"Are there any lock-up agreements with existing VIA stockholders?
Yes. In connection with the signing of the merger agreement, certain of the holders of equity or equity derivatives of VIA will be subject to a lock-up, restricting such holders ability to sell its shares of Ideanomics common stock received pursuant to the merger agreement. Each RSU-holder shall not sell, assign, transfer or otherwise dispose of, or enter into, any contract, option, swap, hedge, derivative, or other arrangement or understanding with respect to the sale, assignment, pledge, or other disposition of, any of the Ideanomics common stock issued to such RSU-holder in exchange for the RSUs he, she or it holds. Each of the restricted executives (subject to certain restrictive covenants) shall not sell, assign, transfer or otherwise dispose of, or enter into any contract, option, swap, hedge, derivative, or other arrangement or understanding with respect to the sale, assignment, pledge, or other disposition of, any of the Adjusted RSUs (as defined below) or the Ideanomics common stock issued upon settlement or vesting of such Adjusted RSUs (as defined below). The restrictions described above are referred to as the “Employee and Management Lock-up.” The shares subject to the Employee and Management Lock-up shall be released as follows: (i) on the first anniversary of the closing date of the merger
twenty-five percent (25%) of shares shall be released from Employee and Management Lock-up; (ii) on the second anniversary of the closing date of the merger, twenty-five percent (25%) of the shares issued shall be released from Employee and Management Lock-up; (iii) on the third anniversary of the closing date of the merger, twenty-five percent (25%) of the shares shall be released from Employee and Management Lock-up; and (iv ) on the fourth anniversary of the closing date of the merger the remaining twenty-five percent (25%) of the shares shall be released from the Employee and Management Lock-up. Notwithstanding the foregoing, fifty percent (50%) of the stock consideration issued in exchange for the RSUs or in-the-money options to each RSU-holder or option-holder, respectively, that is (i) not an employee of VIA as of the date hereof or (ii) currently serving as a director of VIA (except for those directors that are currently employees or officers of VIA), shall be exempt from such restrictions. Each restricted executive may sell such number of shares of Adjusted RSU common stock required to satisfy tax withholding requirements upon the vesting.
Except as set forth in the relevant voting and lock-up agreements to be entered into at Closing, each major VIA stockholder shall not be permitted to sell, assign, transfer or otherwise dispose of, or enter into, any contract, option, swap, hedge, derivative, or other arrangement or understanding with respect to the sale, assignment, pledge, or other disposition of any of the stock consideration issued to such major stockholder at the effective time (excluding the Stock Consideration which is subject to the Employee and Management Lock-up) (such restriction, the “Major Stockholder Lock-up”) until the date that is six (6) months after the closing date of the merger.
Following the release of the stock consideration from the Major Stockholder Lock-up, the resales of such stock consideration by the major stockholders in the public market are subject to the following restrictions:
the stockholder shall not sell, on any single day (other than in connection with an underwritten public offering) a number of shares that in the aggregate exceeds 15% of the average daily volume on all trading markets on which the Ideanomics common stock is quoted or listed, during the month immediately preceding the date of such sale; and
the stockholder shall not sell more than fifty million ($50,000,000) stock consideration per quarter.
"How does the stock issuance in the merger affect the ownership of Ideanomics after completion of the merger?
A: Ideanomics estimates that it may issue up to approximately 160,604,245 shares of its common stock to VIA stockholders at the closing of the merger pursuant to the merger agreement
(which does not include any payment of the earnout), which we estimate would result in Ideanomics stockholders owning approximately????% of the combined company and former VIA stockholders owning approximately????% of the combined company at closing. If the earnout is paid in full, Ideanomics estimates that it may issue up to approximately 77,028,415 additional shares of its common stock (assuming a price per share equal to the Signing VWAP). Upon completion of the merger and the payment of the entire Merger Consideration (including the earnout), we estimate that current Ideanomics stockholders will own approximately????% of the combined company and former VIA stockholders will own approximately????% of the combined company." https://www.otcmarkets.com/filing/html?id=15456957&guid=RfSwkKgy_N7fJth
"4:00p ET 10/29/2021 - PR Newswire
Notice of Class Action Settlement For Purchasers of Ideanomics, Inc. Common Stock Between February 1, 2017 and November 13, 2018
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF IDEANOMICS, INC. ("IDEANOMICS") (NASDAQ: IDEX, WCST, SSC) LISTED ON THE NASDAQ OR DOMESTICALLY IN THE UNITED STATES BETWEEN FEBRUARY 1, 2017 AND NOVEMBER 13, 2018 AND WERE DAMAGED THEREBY ("CLASS").
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Lead Plaintiff Jaysukh Rudani ("Lead Plaintiff"), on behalf of himself and each member of the Class, and defendants Ideanomics, Zheng Wu a/k/a Bruno Wu, Bing Yang, and Robert Benya, have reached a proposed settlement of the above-captioned action ("Action") in the amount of $5,000,000 that, if approved, will resolve the Action in its entirety (the "Settlement").
A hearing will be held on January 25, 2022 at 10:00 a.m./p.m., at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007 in Courtroom 11A for the purpose of determining: (1) whether the proposed Settlement as set forth in the Stipulation of Settlement dated July 30, 2021 ("Stipulation") of the Action is fair, reasonable, and adequate; (2) whether a Judgment should be entered by the Court dismissing the Action with prejudice; (3) whether the Plan of Allocation for distribution of the settlement funds available for distribution is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees in the amount of 33.33% of the Settlement Fund, and reimbursement of Lead Counsel's expenses up to $40,000, should be approved."
Wellcome to the Future of Electric Vehicles and All things Green & Pro Environment!!!
Ideanomics - Empowering A New Economy
Ideanomics Breaking News:- $35Million IDEX share purchase, and a committment to buy IDEX shares worth about $150M by IA II PN Ltd!
IA is looking at gobbling the biggest piece of the IDEX Pie!...
IA committed to buy, From time to time IA will be adding a whopping $150Million dollar worth of IDEX!.
IA II PN Ltd just bought 12.5M Shares @$2.213 and few days earlier same IA II PN Ltd bought another 13.3M shares @$2.613 together 25.83M shares for total Sales of $35M
Here is the News Link: https://www.otcmarkets.com/filing/html?id=14532953&guid=zWUqUnO0tQNjb3h
Ideanomics Announces Definitive Agreement to Acquire Timios Holdings Corp.
- Ideanomics has signed a definitive agreement to acquire fast-growing California-based Timios Holdings Corp., a leading title and settlement solutions provider
- Timios currently has 285 employees and operations in 44 states, and has booked over $60 million in YTD revenues, including over $8 million in October 2020
Youtube Video Links:
Folks, everyone must do their own due diligence instead of kneejerk reactions and jumpin on and off a stock, there are lots of fearmongers spread rumors and false information about companies, and are others make fake claims about stocks and companies, do not buy those and fall victim, do your own research. Ideanomics is a real company, with good management, in the last few days it went through a roller coaster like price change because of stupidity, sell off and fake claims by some shorts who fearmongered....! Beware!. Take a look at what is happening now and watch out for Ideanomics performance.. [Visit Penny's Breakouts & Pennys Breakdowns for Penny stocks picks and information!!.............] By Penney's.
Ideanomics CEO Interview about Latest M&A
Ideanomics acquires 15% of California-based e-tractor company Soletrac https://www.youtube.com/watch?v=vEOTqbYgrxY
Announces Definitive Agreement to Acquire Timios Holdings Corp.
Invests in California-based E-tractor Company Solectrac
Unveils Medici Motor Works Branding and Positioning
Enters Into a Series of Agreements with the Town of West Hartford for Fintech Village
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