Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
June 08 2020 - 5:20PM
Edgar (US Regulatory)
Prospectus Supplement No. 5
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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.
2,546,689 Shares of Common Stock
Pursuant to this prospectus supplement, the accompanying prospectus
supplement and the accompanying base prospectus, we are offering 2,546,689 shares of our common stock to YA II PN, Ltd., a Cayman
Islands exempt limited partnership (“YA”) at a price of $0.59 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 $1,500,000. 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 June 9, 2020.
In addition to our issuance
of common shares to YA 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 June 8, 2020 was $0.62 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.
After giving effect to the issuance described in this prospectus supplement, YA has purchased an aggregate of 12,583,891 shares
of our common stock under the SEDA at an aggregate purchase price of $5,500,000.
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 of these 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 June 8, 2020.
THE OFFERING
Securities Offered
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2,546,689 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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$0.59 per share
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Proceeds
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$1,500,000
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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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