Ideanomics Inc (IDEX): $IDEX Ideanomics Inc. (NASDAQ:IDEX) Idea...

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Thursday, 11/12/2020 9:42:11 AM

Thursday, November 12, 2020 9:42:11 AM

$IDEX Ideanomics Inc. (NASDAQ:IDEX) 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
- A strategic acquisition, Timios becomes one of the cornerstones of Ideanomics Capital, delivering innovative fintech solutions to the U.S. real estate industry
- The acquisition is in line with Ideanomics' core ethos of participating in the convergence of fintech and industries that are both in transition and have high barriers to entry https://investors.ideanomics.com/2020-11-12-Ideanomics-Announces-Definitive-Agreement-to-Acquire-Timios-Holdings-Corp