UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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of incorporation) | Identification No.) |
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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).
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered |
Item 3.02 | Unregistered Sales of Equity Securities. |
On August 7, 2023, Ideanomics, Inc. (“Ideanomics” or the “Company”) issued 70,093,458 shares of its common stock, par value $0.001 per share (the “Common Stock”) upon conversion of 3,000,000 outstanding shares of the Company’s Series B Convertible Preferred Stock by the holder thereof in accordance with their terms. No other consideration was provided to the Company for the issuance of the shares of Common Stock.
Item 8.01 | Other Events. |
As previously reported, on March 14, 2023, Acuitas Capital, LLC (“Acuitas”) filed suit against Ideanomics in the U.S. District Court for the Southern District of New York, alleging breach of the Securities Purchase Agreement executed between the parties on November 14, 2022. On August 7, 2023, Ideanomics and Acuitas entered into a Settlement Agreement pursuant to which the parties will file with the court a stipulation of discontinuance with prejudice of the action. No admission of liability will be made by either party.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit Number |
Description | |
104 | Cover page Interactive Data File (embedded within the Inline XBRL document). |
2
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.
Ideanomics, Inc. | ||
Date: August 7, 2023 | By: | /s/ Alfred Poor |
Alfred Poor | ||
Chief Executive Officer |