IDEANOMICS, INC. : Participation in a major definitive agreement, financial statements and supporting documents (form 8-K)
ARTICLE 1.01 Conclusion of a Material Definitive Agreement
In accordance with SEDA, we are required to register all shares that YA may acquire. The Company will file with the
In accordance with SEDA, we will use the net proceeds from any sale of the shares for working capital purposes, including general working capital purposes, which may include the repayment of outstanding debt and the operations of investment and acquisition.
There are no other restrictions on future financing transactions. The SEDA does not contain any right of first refusal, right of participation, penalties or damages. We did not pay any additional amounts to reimburse or compensate YA in connection with the transaction.
YA has agreed that neither it nor any of its affiliates will engage in a short sale or hedge of our common shares until SEDA public disclosure.
The foregoing is a summary description of certain terms of the Agreement. For a complete description of all terms, please refer to the copy of the Agreement which is filed attached as Schedule 10.1 to this current Report on Form 8-K and is incorporated herein by reference. All readers are encouraged to read the entire text of the purchase contract.
ITEM 9.01 FINANCIAL STATEMENTS AND DOCUMENTS
(d) Exhibits: 10.1 Standby Equity Distribution Agreement, dated as of
June 11, 2021, by and between Ideanomics, Inc.and YA II PN, Ltd.104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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