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424B31idex-20220930x424b3.htm424B3 TableofContents PROSPECTUS FiledPursuanttoRule424(b)(3)RegistrationNo.333-267547 Ideanomics,Inc. 151,500,000SharesofCommonStock Thisprospectusrelatestotheofferandsaleofupto151,500,000sharesofourcommonstock,$0.001parvaluepershare(“CommonStock”)ofIdeanomics,Inc.(the“Company,”“Ideanomics,”“we,”“us”),byYAIIPN,LTD.,aCaymanIslandsexemptlimitedpartnership(“YA,”orthe“SellingStockholder”).YAisafundmanagedbyYorkvilleAdvisorsGlobal,LP. ThesharesofCommonStockbeingofferedbytheSellingStockholderhavebeenandmaybeissuedpursuanttotheStandbyEquityPurchaseAgreementdatedasofSeptember1,2022,thatweenteredintowithYA,assubsequentlyamendedandrestatedonSeptember15,2022(the“PurchaseAgreement”).WearenotsellinganysecuritiesunderthisprospectusandwillnotreceiveanyoftheproceedsfromthesaleofourCommonStockbytheSellingStockholder.However,wemayreceiveuptotheamountthatequalsorexceeds$88,500,000inaggregategrossproceedsfromsalesofourCommonStocktoYAthatwemaymakeunderthePurchaseAgreement,fromtimetotimeafterthedateofthisprospectus.PursuanttothePurchaseAgreement,weissued1,500,000sharesofourCommonStock(the“CommitmentShares”)toYAasconsiderationforitsirrevocablecommitmenttopurchasesharesofourCommonStockunderthePurchaseAgreement.TheadditionalsharesofCommonStockthatmaybeofferedpursuanttothisprospectuswouldbepurchasedbyYApursuanttothePurchaseAgreementat95%oftheMarketPrice,asdefinedinthePurchaseAgreement,i.e.,95%ofthelowestdailyVWAPduringthethreeconsecutivetradingdayscommencingontheadvancenoticedate,otherthanthedailyVWAPonanydayexcludedpursuanttothetermsofthePurchaseAgreement. Seethesectionstitled“TheYATransaction”foradescriptionofthetransactioncontemplatedbythePurchaseAgreementand“SellingStockholder”foradditionalinformationregardingYA. WearenotaChineseoperatingcompanybutaNevadaoperatingcompanywiththemajorityofoperationsconductedbyoursubsidiariesestablishedinmultiplejurisdictionsincludingvariousstatesoftheUnitedStates,Italy,Spain,thePeople’sRepublicofChina(“PRC”or“China”),HongKongSpecialAdministrativeRegionofthePeople’sRepublicofChina(“HongKong”),Malaysia,andEnglandandWales.Suchacorporatestructureinvolvesuniqueriskstoinvestors.Therefore,investinginoursecuritiesbeingofferedpursuanttothisprospectusinvolvesuniqueandahighdegreeofrisk.Youshouldcarefullyreadandconsidertheriskfactorsbeginningonpage21ofthisprospectusand,inparticular,section“RisksRelatedtoDoingBusinessinChina”beginningonpage25beforeyoumakeyourinvestmentdecision.ThelegalandoperationalrisksassociatedwithoperatinginChinaalsoapplytoouroperationsinHongKong. InvestorsinoursecuritiesarenotpurchasingequityinterestsinanyofoursubsidiariesbutinsteadarepurchasingequityinterestsintheNevadacorporation.OurinvestorsmayneverholdequityinterestsintheChineseoperatingcompaniesorinanyotherofoursubsidiariesasaresultofthisoffering. OnDecember16,2021,thePublicCompanyAccountingOversightBoard(“PCAOB”)issueditsdeterminationthatthePCAOBisunabletoinspectorinvestigatecompletelyPCAOB-registeredpublic accountingfirmsheadquarteredinmainlandChinaandinHongKong,becauseofpositionstakenbyPRCauthoritiesinthosejurisdictions,andthePCAOBincludedinthereportofitsdeterminationalistoftheaccountingfirmsthatareheadquarteredinmainlandChinaorHongKong.Thislistdoesnotincludeourauditor,Grassi&Co.,CPAs,P.C.Further,onJune22,2021,theU.S.SenatepassedtheAcceleratingHoldingForeignCompaniesAccountableAct(“AHFCAA”),which,ifsignedintolaw,wouldamendtheHoldingForeignCompaniesAccountableActandrequiretheSECtoprohibitanissuer’ssecuritiesfromtradingonanyU.S.stockexchangesifitsauditorisnotsubjecttoPCAOBinspectionsfortwoconsecutiveyearsinsteadofthreeconsecutiveyears.Ourauditor,Grassi&Co.,CPAs,P.C.,isbasedintheUnitedStates,hasbeeninspectedbythePCAOBonaregularbasis,withthelastinspectionconductedintheyear2020,anditisnotsubjecttothedeterminationsannouncedbythePCAOBonDecember16,2021.Therefore,neithertheHoldingForeignCompaniesAccountableActandrelatedregulations,norAHFCAAaffectedusorareprojectedtoaffectus.OurprincipalexecutiveofficesarelocatedintheUnitedStatesandallofourexecutiveofficers,directors,andmembersofseniormanagementarelocatedoutsideofChinaorHongKonganddonothavetiestoChinaorHongKongthatnegativelyimpactourbusinessorthisoffering. 2 TableofContents Although(i)wehaveonlydirectownershipofouroperatingentities(includingHongKongandPRCoperatingentitiesownedaseitherwhollyforeign-ownedenterprisesorsino-jointventures)andwecurrentlydonothave,norweintendtohaveanycontractualarrangementtoestablishavariableinterestentity(“VIE”)structurewithanyentityand(ii)weareintheprocessofrestructuringourPRCoperations,totheextentwehavesubsidiaries,operations,orassetsinPRCandHongKong,wearestillsubjecttonumerouslegalandoperationalrisksassociatedwithoursubsidiariesinPRCandHongKongandasignificantportionofouroperationsinPRC.ChineseregulatoryauthoritiescoulddisallowthisstructureorimposemeasuresthatwouldmaketherestructuringofPRCoperationsanequivalentoflosingtheportionortheentiretyoftheassetsinPRC,whichwouldlikelyresultinamaterialchangeinouroperationsand/oramaterialchang