If you read the complete 8K I find some positive info: It is common that those that invest in convertible debenture received positive inside info that would make the investor comfortable with their investment
examples
The “Conversion Price” shall mean, as of any Conversion Date (as defined in the Amended Debenture) or other date of determination, the lower of (y) $1.50 or (z) 85% of the lowest daily VWAP during the 7 consecutive Trading Days
The most important point is if IDEX fails to report required SEC documents by Sept 12 the agreement is cancelled - do you think IDEX will not report and be forced to repay this amount? IMO, they know they will comply before this date.
On or prior to September 1, 2022, the Company agreed to deliver the Deposit directly to the Escrow Agent by wire transfer. If, on or prior to September 12, 2022, the Company files with the SEC all Initial Periodic Reports (as defined in the Amendment Agreement) required to be filed by the Company under applicable laws and regulations so as to be current on all of its periodic SEC filings as of such date, the Investor has agreed to then promptly deliver written instructions to the Escrow Agent to promptly disburse the Deposit (without interest) to the Company. If the Company fails to file all Initial Periodic Reports (as defined in the Amendment Agreement) by September 12, 2022, then upon receipt of written instructions from the Investor the Escrow Agent shall promptly disburse the Deposit (without interest) to the Investor, which amount shall reduce the outstanding balance on the Amended Debenture in accordance with the terms thereof.
