Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
December 04 2020 - 5:23PM
Edgar (US Regulatory)
Prospectus Supplement No. 5
|
|
Filed pursuant to Rule 424(b)(2)
|
(To Prospectus Dated July 17, 2020 and Prospectus Supplement dated November 12, 2020)
|
|
Registration No. 333-239371
|
Ideanomics, Inc.
13,045,652 Shares
of Common Stock
Pursuant to this prospectus supplement, the accompanying prospectus
supplement and the accompanying base prospectus, we have sold 13,045,652 shares of our common stock to YA II PN, Ltd., a Cayman
Islands exempt limited partnership (“YA”) at a price of $2.1259 per share pursuant to our previously announced Standby
Equity Purchase Agreement dated September 4, 2020 with YA (the “SEDA”). The total purchase price and proceeds received
from the sale of the shares is $27,733,750. These shares are being issued as part of the commitment by YA to purchase from time
to time, at our option, up to $150,000,000 worth of shares of our common stock pursuant to the SEDA as described in Prospectus
Supplement No. 1. We issued the shares to YA on or about December 2, 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. Although YA represents in the SEDA, that YA
is purchasing the shares for its own account, for investment purposes in which it takes investment risk (including, without limitation,
the risk of loss), and without any view or intention to distribute such shares in violation of the Securities Act or any other
applicable securities laws, the SEC may take the position that YA may be deemed an “underwriter” within the meaning
of Section 2(a)(11) of the Securities Act of 1933, as amended (the “Securities Act”). For administrative purposes,
upon receipt of an advance notice from the Company pursuant to the SEDA YA confirms that the advance notice does not result in
YA beneficially owning more than 4.99% of the Company’s outstanding shares.
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 December 3, 2020 was $2.17
per share.
Investing in our securities involves
a high degree of risk.
See “Risk Factors” beginning
on page S--8 of the accompanying prospectus supplement, dated November 12, 2020.
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 December 4, 2020.
THE OFFERING
Securities Offered
|
|
13,045,652 shares of common stock of Ideanomics, Inc.
|
|
|
|
Purchaser
|
|
YA II PN, Ltd. pursuant to the Standby Equity Distribution dated September 4, 2020
|
|
|
|
Purchase price
|
|
Approximately $2.1259 per share
|
|
|
|
Proceeds
|
|
$27,733,750
|
|
|
|
Use of Proceeds
|
|
On November 11, we announced the entry into a stock purchase
agreement pursuant to which we agreed to purchase 100% of the outstanding capital stock of Timios Holding Corp. We intend to use
the net proceeds from the sale of the securities to consummate this acquisition.
|
|
|
|
Symbol for our common stock on the Nasdaq Capital Market
|
|
“IDEX”
|
|
|
|
Resale
|
|
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.
|
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From Apr 2023 to Apr 2024