SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 1.01||Entry into a Material Definitive Agreement.|
Investment in Energica Motor Company S.P.A
On March 3, 2021, Ideanomics, Inc. (“Ideanomics”) entered into an Investment Agreement (the “Investment Agreement”) with Energica Motor Company S.P.A (“Energica”) pursuant to which Ideanomics invested Euro 10,909,091 for 6,128,703 ordinary shares (the “Shares”) of Energica at a subscription price of Euro 1.78 for each ordinary share. Pursuant to the purchase of the Shares Ideanomics will hold at least 20.0% of Energica’s share capital. Energica will invite a representative of Ideanomics to attend meetings of Energica’s board of directors. From the date hereof through September 30, 2021 Ideanomics shall have the right to participate in any equity financing by Energica. Ideanomics will not be able to sell any of the Shares for a period of 90 days. Energica is the world's leading manufacturer of high performance electric motorcycles and the sole manufacturer of the FIM Enel MotoE™ World Cup. Energica motorcycles are currently on sale through the official network of dealers and importers.
Energica issued a Press Release on March 4, 2021 announcing the Investment Agreement, a copy of which is filed herewith as Exhibit 99.1 to this Current Report on Form 8-k and is incorporated by reference herein.
The foregoing description of the Investment Agreement is qualified in its entirety by reference to the full text of the Investment Agreement, a copy of which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
|Item 9.01||Financial Statements and Exhibits|
|10.1||Investment Agreement between the Company and Energica Motor Company, dated March 3, 2021|
|99.1||Press Release of Energica Motor Company, dated March 4, 2021|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
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.
|Date: March 4, 2021||By:||/s/ Alfred Poor|
|Title:||Chief Executive Officer|