Item 3.02 Unregistered Sales of Equity Securities.
On December 21, 2022, pursuant to the previously disclosed Amended and Resated
Standby Equity Purchase Agreement (the "SEPA") dated September 14, 2022 between
Ideanomics, Inc. (the "Company") and YA II PN, LTD. ("YA"), the Company sold
10,000,000 shares of its common stock to YA for approximately $0.1466 per share,
or $1,466,000 in total consideration. The Company received net proceeds of
$1,466,000 upon the closing of this offer which occurred on December 23, 2022.
The Company may cause YA to purchase additional shares under the SEPA from time
to time, subject to the satisfaction or waiver of the conditions and limitations
set forth in the SEPA.
The shares of common stock were issued and sold to YA in reliance upon the
exemption from the registration requirements of the Securities Act of 1933, as
amended (the "Securities Act") afforded by Section 4(a)(2) of the Securities
Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
Cover page Interactive Data File (embedded within the Inline XBRL
104 document).
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