- Ideanomics has entered into an agreement with the founders of Energica, embodying plans to increase its stake to 70%
- The renewed investment interest further extends IDEX’s resolve to expand its global footprint in the EV industry
- Energica is the manufacturer of high-performance all-electric motorcycles
- Ideanomics will participate at the upcoming MOVE America event, scheduled for September 28-30, where it will showcase technologies from WAVE and Energica
Ideanomics (NASDAQ: IDEX), a global company that facilitates the adoption of commercial electric vehicles (“EVs”) and supports next-generation financial services and fintech products, announced September 15 that it has entered into an agreement to launch a voluntary conditional tender offer together with the founders of Energica Motor Company S.p.A (“Energica”). The offer will see IDEX increase its stake to 70%, while the founders shall continue to own 29% of the Italy-based company, subject to regulatory approval and other closing conditions (https://ibn.fm/fzYmb).
The recent announcement comes about six months after Ideanomics acquired a 20% stake in Energica, a manufacturer and distributor of…
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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