EV Firm Ideanomics Files Bankruptcy After Settling SEC Charges

Ideanomics Inc., which owns technology used to charge electric buses and other commercial vehicles, has filed bankruptcy months after securities regulators accused its executives of misleading investors about its financial performance.

The New York-based company and its corporate affiliates sought court protection Wednesday in Delaware listing assets of between $50 million and $100 million and liabilities of between $100 million and $500 million on its Chapter 11 petition. Ideanomics joins several other EV makers and related business that have filed bankruptcy over the past two years.

The bankruptcy caps a years-long slide for Ideanomic’s stock, which surged in ...