Brief: Ideanomics Announces Spin-Out Of Its Justly, Timios Subsidiaries

IDEX Wind Down

27/10/2022 15:14

Oct 27 (Reuters) - Ideanomics Inc  IDEX.O :
    * IDEANOMICS ANNOUNCES SPIN-OUT OF ITS JUSTLY AND TIMIOS
SUBSIDIARIES
    * IDEANOMICS INC - HAVE TAKEN DECISION TO SPIN OUT FINTECH
BUSINESSES WHICH DO NOT SUPPORT OUR EV BUSINESSES
    * IDEANOMICS INC- HAVE RECEIVED INTEREST IN SALE OF THESE
BUSINESSES BUT FELT OPTIMAL PATH WAS TO SPIN THEM OUT OF
IDEANOMICS
    * IDEANOMICS INC- SPIN-OUT PROCESS WILL BEGIN THIS YEAR AND
EXTEND
INTO 2023

Source text for Eikon:  ID:nPnbCVbxQa 
Further company coverage:  IDEX.O 
 ((Reuters.Briefs@thomsonreuters.com;))