GreenEnergyBreaks – Ideanomics Inc. (NASDAQ: IDEX) Enters Definitive Agreement to Acquire US Hybrid
Ideanomics (NASDAQ: IDEX) today announced its entry into a definitive agreement to acquire 100% of privately held US Hybrid in cash and stock consideration, the material terms of which are disclosed in the company’s related 8-K filing. The acquisition, subject to customary closing conditions, brings to Ideanomics the application of U.S.-built technology, for use in its own vehicles, and significantly extends the company’s capabilities in zero-emission transportation. “The acquisition of US Hybrid is a significant one for our EV efforts across the Ideanomics Mobility division and is the stepping-stone we were looking for to ensure we provide vehicles and technologies that…