Turk & Company Announces Acquisition Of Timios, Inc., A Subsidiary Of Ideanomics, By Timios Acquisition, LLC; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Turk and Company has announced the acquisition of Timios, Inc, a subsidiary of Ideanomics (NASDAQ:IDEX), by Timios Acquisition, LLC. Turk and Company served as the exclusive investment banker to Timios, Inc. The financial terms of the deal were not disclosed.
July 17, 2023 | 7:24 pm
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Ideanomics' subsidiary, Timios, Inc, has been acquired by Timios Acquisition, LLC. This could potentially impact Ideanomics' operations and financials.
The acquisition of a subsidiary can have a significant impact on a parent company's operations and financials. However, without financial terms disclosed, it's difficult to predict the exact impact on Ideanomics.
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