Ideanomics to acquire US Hybrid for cash and stock

Ideanomics signed a definitive agreement to acquire 100% of US Hybrid, a provider of zero-emission powertrain components and fuel cells, for cash and stock consideration. The acquisition is subject to customary closing conditions.

“Ideanomics is pleased to announce it has signed a definitive agreement to acquire 100% of privately held US Hybrid in cash and stock consideration”prnewswire.com

• 3 sources
• prnewswire.comIdeanomics Signs a Definitive Agreement to Acquire California-based US HybridIdeanomicsMay 13, 2021
• truckpartsandservice.comIdeanomics signs definitive agreement to acquire US Hybrid | Trucks, Parts, ServiceTPS StaffMay 13, 2021
• labusinessjournal.comZero-Emission Vehicle Manufacturer US Hybrid Is Acquired - Los Angeles Business JournalMediha DiMartinoJun 6, 2021

Summarized from public sources; check the original articles before acting on it.