Current Report Filing (8-k)
August 13 2021 - 05:17PM
Edgar (US Regulatory)
0000837852
false
0000837852
2021-08-12
2021-08-12
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 12, 2021
IDEANOMICS, INC.
(Exact Name of Registrant as Specified
in Its Charter)
Nevada
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20-1778374
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(State or other jurisdiction
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(IRS Employer
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of incorporation)
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Identification No.)
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001-35561
(Commission File Number)
1441 Broadway, Suite 5116, New York, NY 10018
(Address of principal executive offices)
(Zip Code)
212-206-1216
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed
since last report.)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $.001
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IDEX
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The
NASDAQ Stock Market
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Item 1.01
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Entry into a Material Definitive Agreement.
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On August 12, 2021, Ideanomics,
Inc. (the “Company”) entered into a Controlled Equity Offering Sales Agreement (the
“Agreement”) with Cantor Fitzgerald & Co. (the “Agent”).
In accordance with the terms of the Agreement, the Company may offer and sell from time to time through or to the Agent, as sales agent
or principal, the Company’s common stock having an aggregate offering price of up to $350,000,000 (the “Placement Shares”). The
Placement Shares will be offered and sold pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-
252230) and the related base prospectus included in the registration statement, as supplemented
by the prospectus supplement dated August 12, 2021.
The Company is not obligated
to sell any Placement Shares pursuant to the Agreement. Subject to the terms and conditions of the Agreement, the Agent will use commercially
reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal law, rules and regulations
and the rules of the Nasdaq Stock Market (“Nasdaq”), to sell the Placement Shares from time to time based upon the Company’s
instructions, including any price, time or size limits or other customary parameters or conditions the Company may impose. Sales of the
Placement Shares, if any, will be made on Nasdaq at market prices by any method permitted by law deemed to be an “at the market offering”
as defined in Rule 415 of the Securities Act of 1933, as amended. The Company shall pay to the Agent in cash, upon each
sale of Placement Shares pursuant to the Agreement, an amount up to 3.0% of the gross proceeds from each sale of Placement Shares.
The summary of the Agreement in this report does
not purport to be complete and is qualified by reference to such agreement, which is filed as Exhibit 10.1 hereto.
The legal opinion of Sherman
& Howard LLC relating to the Placement Shares is filed herewith as Exhibit 5.1.
This Current Report on
Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy Shares, nor shall there be any sale of the Shares
in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Item 9.01
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Financial Statements and Exhibits
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d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Ideanomics, Inc.
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Date: August 13, 2021
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By:
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/s/ Alfred Poor
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Name:
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Alfred Poor
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Title:
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Chief Executive Officer
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