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Uptickerboy

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Uptickerboy

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Monday, 08/30/2021 10:59:38 AM

Monday, August 30, 2021 10:59:38 AM

Post# of 14138

Ideanomics in Transformative Deal, to Acquire VIA Motors Valued at Up to $630MM
- VIA designs and plans to manufacture commercial electric vehicles for the global fleet market, which is experiencing significant growth in its transformation to electric propulsion
- The addition of VIA Motors rounds out a full service offering for commercial fleet operators
- Highly complementary products extend Ideanomics' market reach and promote collaborative development and marketing opportunities
- Base transaction price of $450MM with up to potential $180MM earnout component tied to future vehicle deliveries and customers https://investors.ideanomics.com/2021-08-30-Ideanomics-in-Transformative-Deal,-to-Acquire-VIA-Motors-Valued-at-Up-to-630MM
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