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Ideanomics ( (IDEXQ) ) has provided an update.
On December 4, 2024, Ideanomics, Inc. and its subsidiaries filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. Subsequently, they entered into an asset purchase agreement with Tillou Management and Consulting LLC to sell substantially all of their assets. The sale was completed on March 7, 2025, with proceeds used to repay obligations under a debtor-in-possession loan agreement. Following the sale, Shane McMahon resigned as Director and Executive Chairman, and Ryan Jenkins, the CFO, was terminated. The company’s remaining business will be managed under a transition services agreement.
More about Ideanomics
Ideanomics, Inc. operates in the financial technology and electric vehicle sectors, focusing on providing solutions for commercial fleet operators. The company is involved in vehicle electrification and financial services, aiming to facilitate the adoption of electric vehicles and related infrastructure.
YTD Price Performance: -12.00%
Average Trading Volume: 42,639
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $100.3K
For an in-depth examination of IDEXQ stock, go to TipRanks’ Stock Analysis page.