Ideanomics (IDEX) acquires 20% of Energica for $13.1 million – Idaho Reporter

NASDAQ

Ideanomics (IDEX) acquires 20% of Energica for $13.1 million

  • Ideanomics (NASDAQ:IDEX) acquired a 20% stake in e- motorcycles company-Energica Motor Company- for Euro 10,909,091 which is around $13.1 million.
  • Energica is a Modena, Italy-based company that develops, assembles and distributes battery-powered supersport motorcycles.
  • Energica will invite a representative of Ideanomics to attend meetings of Energica’s board of directors.
  • Ideanomics shall have the right to participate in any equity financing by Energica
  • IDEX stock -5.64% pre-market session

Press Release

Energica Investor Presentation

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