Ideanomics in transformative deal, to acquire via motors valued at up to $630mm

New york and orem, utah, aug. 30, 2021 /prnewswire/ -- ideanomics (nasdaq: idex) ("ideanomics" or the "company"), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, today announced it has entered into an agreement to acquire via motors international, inc. ("via") in an all-stock transaction for a 100-percent ownership stake, subject to customary closing conditions, including ideanomics' shareholder approval. via motors, headquartered in orem, utah, will manufacture electric commercial vehicles including class 2 through class 5 cargo vans, trucks, and buses.
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