Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
April 28 2020 - 5:17PM
Edgar (US Regulatory)
Prospectus
Supplement No. 2
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Filed pursuant
to Rule 424(b)(2)
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(To
Prospectus Dated March 18, 2020 and Prospectus Supplement dated April 6, 2020)
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Registration
No. 333-237251
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Ideanomics, Inc.
1,703,868 Shares of Common Stock
Pursuant to this prospectus
supplement, the accompanying prospectus supplement and the accompanying base prospectus, we are offering 1,703,868 shares of our
common stock to YA II PN, Ltd., a Cayman Islands exempt limited partnership (“YA”) at a price of approximately $0.5869
per share, pursuant to our previously announced Standby Equity Purchase Agreement dated April 3, 2020 with YA (the “SEDA”).
The total purchase price and proceeds we will receive from the sale of the shares is $1,000,000. These shares are being issued
as part of the commitment by YA to purchase from time to time, at our option, up to $50,000,000 worth of shares of our common stock
pursuant to the SEDA as described in Prospectus Supplement No. 1. We expect to issue the shares to YA on or about April 28, 2020.
In addition to our issuance
of common shares to YA Global pursuant to the SEDA, this prospectus supplement, the accompanying prospectus supplement and the
accompanying prospectus also cover the resale of those shares by YA to the public. Though we have been advised by YA, and YA represents
in the SEDA, that YA is purchasing the shares for its own account, for investment purposes, and without any view or intention to
distribute such shares in violation of the Securities Act or any other applicable securities laws, YA may be deemed an “underwriter”
within the meaning of Section 2(a)(11) of the Securities Act. YA Global may be deemed to be an “underwriter”
within the meaning of the Securities Act of 1933, as amended.
Our common stock is quoted on
the NASDAQ Capital Market under the symbol “IDEX.” The closing price of our common stock on the NASDAQ Capital Market
on April 27, 2020 was $0.80 per share.
The aggregate
market value of our outstanding common stock held by nonaffiliates at the time we entered into the SEDA on April 3, 2020 was $116,550,319,
based on 133,965,884 shares of common stock held by nonaffiliates and a per share price of $0.87 using the closing price of our
common stock on April 3, 2020. As of the date hereof, as a result of entering into the SEDA, we have offered securities with an
aggregate market value of $50,000,000 pursuant to General Instruction I.B.6. of Form S--3 during the prior 12 calendar month period.
After giving effect to the issuance described in this prospectus supplement, YA has purchased an aggregate of 1,703,868 shares
of our common stock under the SEDA at an aggregate purchase price of $1,000,000.
Investing in our securities involves
a high degree of risk.
See “Risk Factors” beginning
on page S--8 of the accompanying prospectus supplement.
Neither the
Securities and Exchange Commission nor any state securities commission has approved or disapproved ofthese securities or
passed upon the adequacy or accuracy of this prospectus supplement or the accompanying base prospectus. Any representation to
the contrary is a criminal offense.
The date of this prospectus supplement is
April 28, 2020.
THE OFFERING
Securities Offered
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1,703,868 shares of common stock of Ideanomics, Inc.
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Purchaser
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YA II PN, Ltd. pursuant to the Standby Equity Distribution dated April 3, 2020
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Purchase price
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Approximately $0.5869 per share
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Proceeds
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$1,000,000
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Use of Proceeds
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We intend to use the net proceeds from the sale of the securities under this prospectus for general corporate purposes, including for general working capital purposes, which may include the repayment of outstanding debt.
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Symbol for our common stock on the Nasdaq Capital Market
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“IDEX”
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Resale
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This prospectus supplement, the accompanying prospectus supplement and the accompanying prospectus also cover the resale of shares by YA II PN, Ltd. to the public. See “Plan of Distribution” in the accompanying prospectus supplement.
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