Friday, November 27, 2020 7:11:21 PM
(To Prospectus Dated July 17, 2020 and Prospectus Supplement dated November 12, 2020) Registration No. 333-239371
Ideanomics, Inc.
25,833,333 Shares of Common Stock
Pursuant to this prospectus supplement, the accompanying prospectus supplement and the accompanying base prospectus, we have sold 12,500,000 shares of our common stock to YA II PN, Ltd., a Cayman Islands exempt limited partnership (“YA”), on November 24, 2020 at a price of $2.2613 per share pursuant to our previously announced Standby Equity Purchase Agreement dated September 4, 2020 with YA (the “SEDA”). The total purchase price and proceeds received from the sale of the shares is $28,266,250. In addition, we have sold 13,333,333 shares of our common stock to YA on November 25, 2020 at a price of $2.625 pursuant to the SEDA. The total purchase price and proceeds received from the sale of the shares is $35,000,000. These shares are being issued as part of the commitment by YA to purchase from time to time, at our option, up to $150,000,000 worth of shares of our common stock pursuant to the SEDA as described in Prospectus Supplement No. 1.
In addition to our issuance of common shares to YA Global pursuant to the SEDA, this prospectus supplement, the accompanying prospectus supplement and the accompanying prospectus also cover the resale of those shares by YA to the public. Although YA represents in the SEDA, that YA is purchasing the shares for its own account, for investment purposes in which it takes investment risk (including, without limitation, the risk of loss), and without any view or intention to distribute such shares in violation of the Securities Act or any other applicable securities laws, the SEC may take the position that YA may be deemed an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act of 1933, as amended (the “Securities Act”). For administrative purposes, upon receipt of an advance notice from the Company pursuant to the SEDA YA confirms that the advance notice does not result in YA beneficially owning more than 4.99% of the Company’s outstanding shares.
Our common stock is quoted on the NASDAQ Capital Market under the symbol “IDEX.” The closing price of our common stock on the NASDAQ Capital Market on November 27, 2020 was 2.77 per share.
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/83781985/prospectus-filed-pursuant-to-rule-424b2-424b2
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