- Ideanomics Inc IDEX has provisionally passed the 90% threshold securing 93.63% of Energica's shares through the voluntary tender offer for Energica Motor Company S.p.A. shares.
- Energica is a manufacturer and distributor of high-performance 100% battery-powered electric motorcycles. The acquisition is expected to close by the end of this quarter.
- Related: Ideanomics Plans To Boost Stake In Energica Motor
- "We are excited to have Energica joined the Ideanomics team and we're looking forward to the synergy that Energica brings alongside our other brands," commented Alf Poor, CEO of Ideanomics.
- Price Action: IDEX shares are trading lower by 3.61% at $0.87 during the premarket session on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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