WeTheMarket
4 months ago
WAVE Charging Appoints Macy Neshati as General Manager to Spearhead Expansion and Scale
March 11 2024
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/93463247/wave-charging-appoints-macy-neshati-as-general-man
WAVE Charging, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, proudly announces the appointment of Macy Neshati as General Manager.
In his new role, Neshati will take charge of overseeing operations and driving the expansion of WAVE Charging's current customer base, including the two confidential commercial fleet customers previously disclosed.
Mr. Neshati brings a wealth of experience to his new position, including experience as part of the Ideanomics group of companies. Prior to joining WAVE Charging, he served as the CEO of Ideanomics subsidiary U.S. Hybrid. During his tenure, he played a pivotal role in enhancing and expanding U.S. Hybrid's strategic partnerships with industry leaders such as Global Environmental Products, Toyota Tsusho, and A-1 Alternative Fuel Systems. Under his leadership, U.S. Hybrid transformed into an industry leader renowned for its zero-emission solutions for specialty vehicles.
Neshati's professional background also includes leadership roles at the Antelope Valley Transit Authority (AVTA) and BYD, where he contributed significantly to the advancement of electric vehicle technology. AVTA, the First All-Electric Zero-Emission Transit Agency in North America, is a key, longtime customer of WAVE Charging. Moreover, many of WAVE's existing customers utilize their charging infrastructure with BYD vehicles. Neshati's extensive experience positions him as a staunch advocate for WAVE's products, underpinned by a profound understanding of the benefits of WAVE's high-power wireless charging from both customer and technology partner perspectives.
In response to his appointment, Macy Neshati stated: "I am honored to join WAVE Charging at this pivotal moment. The electrification of commercial transportation is accelerating, and WAVE's innovative wireless charging solutions are poised to play a crucial role in shaping the industry's future. I look forward to leading WAVE in expanding its footprint and delivering sustainable charging solutions to meet the evolving needs of our customers."
Ideanomics CEO Alf Poor expressed his confidence in Mr. Neshati's ability to lead WAVE Charging into its next phase of growth, stating: "Macy's proven track record of driving innovation and growth within the clean energy and transportation sectors makes him the ideal candidate to lead WAVE Charging. His strategic vision and deep industry knowledge will be invaluable assets as we continue to revolutionize the commercial vehicle charging landscape."
About Ideanomics
Ideanomics?(NASDAQ:?IDEX) is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation, and financial services, we provide solutions for the commercial world to commit to an?EV?future. To keep up with?Ideanomics, please follow the company on social @ideanomicshq?or visit:?https://ideanomics.com.
About WAVE Charging
Founded in 2011, with systems available from 125kW through to ultra-high power, WAVE delivers made-in-America wireless EV charging systems for the commercial fleet sector. With a global-leading number of high-power, rigorously proven inductive charging systems deployed, WAVE provides commercial fleet operators with a faster, easier, and future-proof way to extend the range of medium- and heavy-duty electric vehicles which avoid the hassle and inefficiency of operations experienced with cable and pantograph charging systems. Learn more at www.wavecharging.com.
WeTheMarket
4 months ago
Form 8K - Current Report
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/93458080/form-8-k-current-report
Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 5, 2024, the Company received the resignation of the Companyโs Chief Financial Officer, Scott Morrison, effective as of that date. Mr. Morrison is resigning for personal reasons. Mr. Morrison shall stay on as a consultant to ensure the timely completion of the Companyโs annual filings and other regulatory requirements.
On March 8, 2024, the board of directors appointed Mr. Ryan M. Jenkins as Chief Financial Officer of the Company. Mr. Jenkins brings extensive years of advancing responsibilities across multiple business units of major companies, including Walmart and the FedEx Corporation. He has served as the Corporate Treasurer and Head of FP&A for Ideanomics since March 2022, and served as Associate Director of Finance & Treasury and Investor Relations for Walmart from 2020 to 2022. Since 2019 he has been an Adjunct Professor of Finance at the University of Memphis. Mr. Jenkins was the Corporate Financial & Treasury Advisor for the FedEx Corporation from 2005 to 2017. He has significant experience in capital planning, funding and analysis in his prior roles. He obtained his CPA license in 2012, CFA Charter in 2016, and CTP Certification in 2023.
Effective March 8, 2024, Mr. Jenkinsโs base salary is $275,000 with a change of control provision for six months. Mr. Jenkins is also granted $125,000 in shares of common stock that shall vest upon completion of certain Company and personal milestones.
WeTheMarket
8 months ago
For EV customers, everything changes on January 1, 2024. The Treasury Department has now issued new rules that will turn the federal EV tax credit into what is basically a point of sale rebate. The new regs, published October 6, 2023, bring happy news for EV buyers.
โUnder the Inflation Reduction Act, consumers can choose to transfer their new clean vehicle credit of up to $7,500 and their previously owned clean vehicle credit of up to $4,000 to a car dealer starting January 1, 2024. This will effectively lower the vehicleโs purchase price by providing consumers with an upfront down payment on their clean vehicle at the point of sale, rather, without having to wait to claim their credit on their tax return the next year. Only vehicles purchased under the consumer clean vehicle credits are eligible for this benefit.โ
Link https://cleantechnica.com/2023/10/08/heres-what-happens-to-the-federal-ev-tax-credit-on-january-1-2024/
ItsMyOption
8 months ago
Proxy for vote for annual meeting Dec. 22
I PLAN TO VOTE NO FOR MOST ITEMS AS THIS MANAGEMENT DOES NOT DESERVE MORE TIME TO USE SHAREHOLDERS AS THEIR PERSONAL PIGGY-BANK TO KEEP SUCKING EXISTING SHAREHOLDER TILL THEY FILE BANKRAUPTCY!
NOTE: THIS IS IMO AS I AM LONG TIME SHAREHOLD AND NOT HAPPY WITH MANAGEMENT
1.
Vote Board of Directors:
Vote Directors Individually
showing combined election of directors, radio button options
Election of Director: Alfred P. Poor- VOTE NO
Election of Director: Shane McMahon - VOTE NO
Election of Director: James S. Cassano - VOTE NO
Election of Director: Andrea Hayward โ INDEPENDENT DIRECTOR WILL VOTE FOR
Election of Director: Paul Hancock - INDEPENDENT DIRECTOR WILL VOTE FOR
Ratification of appointment of Grassi & Co., CPAs, P.C. as independent registered public accounting firm.
2.
Ratification of appointment of Grassi & Co., CPAs, P.C. as independent registered public accounting firm. WILL VOTE FOR
3. Approval of the amendment and restatement of the Company's 2010 Equity Incentive Plan to increase the number of shares authorized for issuance under the Plan to 37,500,000.
VOTE AGAINST
3.
Approval of the amendment and restatement of the Company's 2010 Equity Incentive Plan to increase the number of shares authorized for issuance under the Plan to 37,500,000.
VOTE AGAINST
4.
Approval of the issuance of common shares as the underlying conversion of preferred Series C shares accordance with Nasdaq Rules Rule 5635(d).
VOTE AGAINST
5.
Approval of the issuance of securities in one or more non-public offerings where the maximum discount at which securities will be offered will be equivalent to a discount of 20% below the market price of our shares or Common Stock, in accordance with Nasdaq Listing Rules 5635(b) and 5635(d).
VOTE AGAINST
To approve the amendment of the Company's Second Amended and Restated Certificates of Incorporation to increase the total number of the Company's authorized common stock and preferred stock.
6.
To approve the amendment of the Company's Second Amended and Restated Certificates of Incorporation to increase the total number of the Company's authorized common stock and preferred stock.
To approve the potential issuance of more than 20% of the Company's outstanding shares of common stock to Yorkville Advisors upon the conversion of the Debenture(s) and preferred stock that were issued in financing transactions, and in accordance with the stockholder approval requirement of Nasdaq Listing Rules 5635(b) and 5635(d).
VOTE AGAINST
7.
To approve the potential issuance of more than 20% of the Company's outstanding shares of common stock to Yorkville Advisors upon the conversion of the Debenture(s) and preferred stock that were issued in financing transactions, and in accordance with the stockholder approval requirement of Nasdaq Listing Rules 5635(b) and 5635(d).
Approval of the adjournment of the Annual Meeting, if necessary or advisable, to solicit additional proxies in favor of the foregoing proposals.
VOTE AGAINST
8.
Approval of the adjournment of the Annual Meeting, if necessary or advisable, to solicit additional proxies in favor of the foregoing proposals.
VOTE AGAINST