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It’s why I stay invested and continue to add
Is there risk? Yes but if they continue to execute then we will be well positioned
I paid over 3 for some shares so these prices are very compelling imho
They purposefully went in to businesses with high barriers to entry. I have been buying this for years. I have seen them do everything they said they would
Because it is being shorted badly. I am happy I will have more buying opportunities.
Doubled my position between 2550 and 2580. Great company needs averaging down.
The shorts algorithm and bots keep the pps down and within a tight trading range. Until the let go this will only go down.
It already did dip below .25. Wait for a new LOY.
If it drops below .25 will be the buy of the decade. Please come to papa
Great...more good news to dive to.
Italian electric motorcycle maker Energica set to debut massive 180hp electric motor
Micah Toll - Oct. 28th 2022
https://electrek.co/2022/10/28/italian-electric-motorcycle-maker-energica-motor/
Energica, the pride of Italy’s growing electric motorcycle manufacturing industry, already has one of the most powerful electric motorcycle drivetrains in the market. But that hasn’t stopped the electric motorcycle company, which was acquired by Ideanomics earlier this year, from pushing the envelope further with what appears to be an even higher-powered electric motor.
The new motor was quietly revealed in NHTSA filings for the company’s coming model year’s motorcycles, and was first reported by Cycle World’s Ben Purvis.
The documents are VIN decoders filed to the NHTSA, which are a requirement for all motor vehicle manufacturers selling their vehicles in the US.
The manufacturers create their own VINs based on a predetermined structure, with freedom to choose certain codified sequences that relate to each model. Then they have to provide the NHTSA with a way to decode those VINs.
In Energica’s most recent filing, a new motor power level is revealed in the decoding, offering 134 kW (180 hp). Compared to Energica’s currently most powerful offering of 110 kW (148 hp), that marks a nearly 22% power jump.
Also keep in mind that electric motorcycles accelerate much faster than ICE-powered motorcycles of the same horsepower level due to their significantly higher bottom-end torque and the lack of gear changing. That means that the 180 hp is likely to feel even more potent than riders may expect.
The bike is likely to perform as well as nearly any ICE-powered superbike on the market, especially off the line.
It’s not clear when Energica may unveil this new motor, but the upcoming EICMA Milan Motorcycle Show is a good bet.
A new Energica Experia motorcycle?
The higher-power motor wasn’t the only major revelation in the documents. We also learned about an upcoming model that will likely be based on the Experia platform, only unveiled earlier this year.
That bike is Energica’s first sport tourer, helping the manufacturer reach a new market category with a more comfortable and touring-friendly design.
We don’t have any other indications of what type of modifications could be made on this Experia-based derivative, but it would likely share the same frame and powertrain to the existing Experia.
I had a chance to ride that bike in Italy earlier this year and it was incredible experience. Compared to my past rides on Energica’s more sporty offerings, the Experia was certainly more my style. Those sport bikes are fun, but the Experia offers a ride that makes me want to stay out longer.
And with all of Energica’s motorcycles including DC fast charging as a standard feature, staying out longer is a definitely possibility. A 30-minute rest stop break is all that is needed to put nearly a full charge back into the battery.
Energica experia motorcycle ridden by Micah Toll
It’s a tough job, but someone has to go ride that bike through the beautiful Dolomites. I guess they twisted my arm enough…
Electrek’s Take
While the higher-power motor is certainly going to be thrilling, the existing power in Energica’s sport bikes is already more than I could ever need. It’s fun to fly up to highway speeds in just over two heart beats, but how much more power is really necessary?
I think I’m even more excited for the second revelation, which is potentially another Experia-based bike. As much fun as I had on that model, I’m really looking forward to see what Energica could be planning for its newest platform.
How much down today? Getting close to a new LOY. Love this company hate the stock.
No. Certainly not a flip. I've got a fair position here as well as MULN.
@m1ocha Alright, we GET it, your 1-day flip trade didn't work out and you sold. So move on already.
Got ya thanks
Look at all the PRs over the past week. This is an emerging EV company that will be able to leverage all the investment going into this sector. Like a farmer getting $$ to decarbonize or a city moving from diesel bus to electric. It’s going to be amazing IF the company can execute
Adding below .50. A year from now could be at least $5 in my opinion
Well do you mind sharing
He knows what is coming and so do I
Never seen a dead cat bounce . What happens
This truly is a POS. Waiting for a dead cat bounce to get out.
Ideanomics Announces Q3 2022 Earnings Conference Call Details
Oct. 27, 2022
https://investors.ideanomics.com/2022-10-27-Ideanomics-Announces-Q3-2022-Earnings-Conference-Call-Details
NEW YORK, Oct. 27, 2022 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces that it will conduct a conference call to discuss its 2022 third quarter financial results at 4:30 p.m. ET on November 9, 2022. The Company's senior management team will give prepared remarks followed by a question-and-answer session.
Ideanomics is continuing to partner with Say Technologies, a Robinhood Markets company, that has built an innovative communication platform to make it easier for investors to exercise their ownership rights. Starting November 1 at 5:00 PM ET, investors who are holders of Ideanomics stock can submit questions to management. To submit questions, please visit the Say Connect platform here: https://app.saytechnologies.com/ideanomics-2022-q3. Questions can be submitted through 5:00 p.m. ET on November 8, 2022. Time permitting, Ideanomics management will answer questions from qualified investors from the Say platform on the earnings call on November 9, 2022, at 4:30 p.m. ET.
CONFERENCE CALL INFORMATION
Webcast Link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=UtFdo7X5
Dial-in Number:
(Toll-Free US & Canada): 877-407-3107 or 201-493-6796
A replay of the webcast and earnings materials will be available on the Company's investor relations website: https://investors.ideanomics.com
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation, and financial services, we provide solutions needed for the commercial world to commit to an EV future. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.
SEC Form 4: Poor Alfred bought $100,000 worth of shares (400,000 units at $0.25), increasing direct ownership by 27% to 1,889,125 units. https://quantisnow.com/insight/3586462
IDEX needs to close the VIA deal ASAP. Alf Poor said during the LDMicro event a couple of days ago, that he expects the deal to close within a couple of weeks, at least, that is what I heard during the Q&A portion of the live event.
Ideanomics announces spin-out of its JUSTLY and Timios subsidiaries
Oct. 27, 2022
https://investors.ideanomics.com/2022-10-27-Ideanomics-announces-spin-out-of-its-JUSTLY-and-Timios-subsidiaries
NEW YORK, Oct. 27, 2022 /PRNewswire/ -- Ideanomics (Nasdaq: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), has begun the process to spin-out JUSTLY and Timios.
"As part of our previously communicated strategic focus on the EV market, we have taken the decision to spin out the fintech businesses which do not support our EV businesses. This decision delivers back to the shareholders the true value of these businesses as they transition outside the Ideanomics family. We have received interest in the sale of these businesses but felt the optimal path was to spin them out of Ideanomics, the process for which will begin this year and extend into 2023. Communicating this as we begin the process allows the valued staff, customers, and partners of these businesses to work together for their successful future outside of Ideanomics said Alf Poor, Ideanomics CEO Ideanomics. "Our shareholders can feel confident that Ideanomics is moving forward with 100% clarity of purpose, applying our people and capital towards offering the best overall value proposition in the EV space and, ultimately, winning more customers."
JUSTLY and Timios each have a strong track record of delivery with talented management and staff. The spin-out will enable the two companies to grow faster and capture new market opportunities, which would have been limited as part of the Ideanomics group.
Spinning out JUSTLY and Timios is part of Ideanomics' established strategy to exit from non-core market segments, further honing its portfolio and enabling better, faster delivery of its growth ambitions in the EV market. This includes Ideanomics' recently announced plans to restructure its operations in China, and to incorporate Medici under Ideanomics' U.S Hybrid subsidiary.
Ideanomics' streamlined and focused corporate structure will benefit customers, positioning the company as the go-to partner for navigating the complexities of fleet electrification. Central to the company's differentiated value proposition is the unique ability to offer end-to-end EV and charging solutions to commercial customers. Additionally, Ideanomics' deep bench of industry experts will partner with customers on front-end planning to ensure optimal EV and charging infrastructure deployment.
Looking ahead, Ideanomics will be laser focused on growing EVs sales in the on-highway, off high-way and two-wheeler markets, as well as accelerating the commercialization of high-value charging infrastructure products. This includes, for example, advanced wireless charging and containerized charging solutions from Ideanomics Energy, which are transformative, leapfrog technologies that can unleash the full potential of electric fleets. With the proposed acquisition of VIA motors, Ideanomics will be able to ramp up production of VIA's proprietary, modular skateboard platform, along with synergistic collaboration within the Ideanomics group.
Ideanomics is solving the complexity of fleet electrification by bringing together high-performance electric vehicles, charging infrastructure and financing solutions under one roof. Through its three verticals, Mobility, Energy and Capital, the company provides turnkey commercial electrification solutions for customers, no matter where they are on their electrification journey.
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating the commercial adoption of electric vehicles. By bringing together vehicles, charging, and financing solutions under one roof, we are the one-stop partner needed to simplify the transition to and operation of any EV fleet. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.??
Everything looks exceptionally well here with these two solid PR's and yet....still a limp dick.
VIA Motors Announces New Headquarters and Technical Center
Oct. 25, 2022
https://investors.ideanomics.com/2022-10-25-VIA-Motors-Announces-New-Headquarters-and-Technical-Center
Highlights
- Expected to bring 300 high-wage commercial electric vehicle OEM jobs to Auburn Hills
- Supported by a $2.5 million grant from the state of Michigan
AUBURN HILLS, Mich., Oct. 25, 2022 /PRNewswire/ -- Today, VIA Motors, a U.S. based All-Electric Commercial OEM Vehicle Manufacturer at the forefront of fleet electrification, announced its new 98,000 square feet headquarters and technical center in Auburn Hills, Michigan. Supported by a $2.5 million Michigan Business Development Program performance-based grant from the Michigan Strategic Fund, administered by the Michigan Economic Development Corporation, the facility will act as a regional hub for VIA's vehicle design and testing - including the development of prototype vehicles.
"Our goal is to provide the best electric work trucks for fleets everywhere, and this facility is critical to achieving that goal," said Bob Purcell, CEO of VIA Motors. "We're excited and proud to partner with the city of Auburn Hills and the State of Michigan, tapping into the region's automotive expertise to help global fleets shift towards a zero emission, commercial electric vehicle (EV) future."
VIA Motors offers a full portfolio of electric work trucks from classes 2-5 with a variety of configurations. From box trucks and cutaways to stake trucks and walk-in vans, VIA provides tailored electric solutions for fleets that meet their needs at costs they can afford.
The facility will further boost Michigan's efforts to position itself as the global leader in the future of mobility and vehicle electrification. VIA chose Michigan because of the state's robust supply chain for electric vehicles and mobility. In addition, the knowledge and skill level of talent in the auto industry and the state's leadership in the industry are expected to benefit the company as it continues to grow.
"We're a region and state of innovators, it's in our DNA. VIA Motors is a high-tech company that's going to be headquartered in the Detroit Region as we continue to deliver cutting-edge automotive and advanced mobility technology to the world. The Detroit Regional Partnership is proud to support the MEDC and Oakland County on this project," said Maureen Donohue Krauss, president and CEO, Detroit Regional Partnership
VIA anticipates the facility will be home to a workforce of up to 300 people working in high-wage jobs. The city of Auburn Hills plans to support talent attraction and marketing. Individuals interested in careers with VIA should visit https://www.viamotors.com/via-delivers/careers/.
"We are excited to welcome VIA Motors to the Auburn Hills community. Their expertise in sustainable and innovative mobility solutions are a welcomed addition to our growing EV solutions sector. This investment continues to build on Auburn Hills' reputation as a great place to invest and do business. We appreciate their confidence and look forward to partnering with them to provide an environment where their business can grow and thrive," said Mayor Kevin McDaniel, Auburn Hills, Michigan.
"The decision by VIA Motors International to locate its technical center and headquarters and bring 300 new jobs to Auburn Hills reinforces the region's reputation as a leader in advanced mobility manufacturing," said Oakland County Executive David Coulter. "And the collaboration by the state, Oakland County, the city of Auburn Hills and the Detroit Regional Partnership proved to be a winning combination to help to land this pivotal project."
VIA Motors is in a pending transaction with Ideanomics, a global group with a mission to accelerate the commercial adoption of electric vehicles. Once it becomes part of Ideanomics, VIA can offer a total package that makes it easy for fleets to transition to electric drive — vehicles, charging infrastructure and financing.
VIA's technical center in Orem, Utah, will continue to operate as an R & D facility and hub for the Western United States. The two technical centers will support VIA's prototyping, as they finalize their full production manufacturing facility.
"Congratulations to the VIA team on your growth and success. We are excited to welcome you to Michigan, and appreciate this vote of confidence in our talented workforce and leadership position in electric vehicle manufacturing," said Quentin L. Messer, Jr., CEO of MEDC and President and Chair of the MSF Board. "Today represents only the beginning of an exciting relationship with VIA Motors. We are grateful to the Governor, legislators and local officials for their continued support of the Michigan Business Development Program, which has allowed VIA to grow in our state. We're pleased to work with local partners like the Detroit Regional Partnership, Oakland County, and the city of Auburn Hills to bring these high-wage jobs to Southeast Michigan, and we look forward to welcoming more companies like VIA to Michigan."
ABOUT VIA MOTORS INTERNATIONAL, INC.
VIA is a leading electric commercial vehicle company with proven advanced electric drive technology, delivering sustainable mobility solutions for a more livable world. VIA designs, manufactures, and markets electric commercial vehicles, with superior life-cycle economics, for use across a broad cross-section of the global fleet customer base. VIA's vehicles are optimized for each fleet's needs, with intelligent software packages and fleet monitoring systems that are designed to reduce cost and improve operating efficiencies. VIA is a systems-driven company and strives to optimize the total fleet experience including energy, maintenance, uptime, route mapping and more, with reduced development time, improved quality, driving comfort, energy efficiency and connectivity.?VIA Motors is in a pending transaction with Ideanomics, a global group with a simple mission, to accelerate commercial adoption of electric vehicles. https://www.viamotors.com
ABOUT MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC)
The Michigan Economic Development Corporation is the state's marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan's economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
Contact:
Derek Larsen
Derek.Larsen@VIAMotors.com
SOURCE VIA Motors
Then why is this only 8 pennies above the LOY?
Bro. The announcements over the last three days are clear very very clear they are position for growth. I work in this business and there plan they are executing on has several growth engines. If they all hit I know this goes into the 100s. They are in a competitive market so that’s a head wind but the growth of the market outweighs any concern as long as they continue to build expertise and execute like they have been doing. As they are fully reporting we will witness the growth story
Dead stock. Adrift in shorts algorithms and bots.
Damn good thing we got a huge pr this morning. Can you imagine the pps if not? Shorts rule here.
Same, still adding as they bring it down.
Ok… wasn’t my question.
I definitely loaded. Big time.
Chartists playing the gap. This is a loading zone.
This should be over a buck.
Ideanomics EV $IDEX has $88.82M in cash
Took a starter....why isn't this over .5 yet?
Ideanomics announces the startup of operations at North America's largest electric tractor assembly facility in Windsor, California
October 26 2022
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/89381317/ideanomics-announces-the-startup-of-operations-at
NEW YORK, Oct. 26, 2022 /PRNewswire/ -- Ideanomics (Nasdaq: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), today announced that a new vehicle assembly line at the Solectrac Windsor facility is fully operational, effectively tripling the production capacity of the e25 electric tractor. Ideanomics can now produce a total of 4,100 powerful, quiet and zero-emission Solectrac tractors annually.
With the new vehicle assembly line at Solectrac’s Windsor facility, production of the e25 tractor model has tripled, supporting Solectrac tractor sales from coast to coast.
"When Ideanomics acquired Solectrac, we committed to growing Solectrac's production capacity and product offerings," said Robin Mackie, Ideanomics Mobility president. "In less than one year, we efficiently increased production capacity by 300% and are now selling Solectrac tractors coast to coast across the United States through our rapidly expanding dealer showroom program. This is a remarkable accomplishment for any player in the EV space."
The Windsor facility assembly line features modern technology, enabling more efficient and safer operations. As the only company with electric tractor assembly facilities on the west and east coast of the U.S., Ideanomics and Solectrac are positioned to capture a greater share of the fast-growing market. Each facility is configured to assemble eight Solectrac tractors per day, with the ability to quickly ramp up assembly as needed.
In 2023, Ideanomics expects to commence assembly of the e70N tractor at the Windsor and Denton facilities, as well as introduce new models to the market. Solectrac's new range of tractors will incorporate advanced engineering and battery technology from Energica, modular and future-forward styling from Ideanomics Design as well as telematics and performance data from Ideanomics Digital.
Solectrac tractors assembled at the Windsor facility can feature an internet-connected telemetry device that collects data between tractors and customers to improve productivity, visibility, and maintenance. Customers can use a SolecSmart portal to remotely adjust their tractor's settings before starting work and view reports on their tractor's performance when the work is complete.
The combination of government incentives, volatile diesel fuel costs and corporate commitments to climate actions will accelerate the growth of electric machinery in the off-road market. For example, Solectrac recently supplied 17 e25 electric tractors to large customers in California. The California CORE program enabled these transactions to take place.
Recently, Solectrac introduced its SolecSave app, offering customers total cost of ownership data, environmental statistics and a way to find incentive programs in their locations.
Seventy-five people worked more than 10,000 hours to complete the facility expansion. During construction, Ideanomics' contracted with local vendors on everything from the installation of the assembly line to the new electric sign. Furthermore, the Windsor facility is powered by solar panels supplying an average of 80kWh daily.
Ideanomics is solving the complexity of fleet electrification by bringing together high-performance electric vehicles, charging infrastructure and financing solutions under one roof. The Company views Solectrac's electric tractors as a flagship solution for the fast-growing, high-value off-road vehicle market. Ideanomics expects revenue from Solectrac to double in 2023.
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating the commercial adoption of electric vehicles. By bringing together vehicles, charging, and financing solutions under one roof, we are the one-stop partner needed to simplify the transition to and operation of any EV fleet. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.??
Duh. It’s in building stages like most EVs. Keep shorting this and you will go broke.
That is fantastic. Now when is IDEX going to announce that the VIA merger is finally closed? It’s been how long? 15 months?
VIA Motors Announces New Headquarters and Technical Center
Oct. 25, 2022
https://investors.ideanomics.com/2022-10-25-VIA-Motors-Announces-New-Headquarters-and-Technical-Center
Highlights
- Expected to bring 300 high-wage commercial electric vehicle OEM jobs to Auburn Hills
- Supported by a $2.5 million grant from the state of Michigan
AUBURN HILLS, Mich., Oct. 25, 2022 /PRNewswire/ -- Today, VIA Motors, a U.S. based All-Electric Commercial OEM Vehicle Manufacturer at the forefront of fleet electrification, announced its new 98,000 square feet headquarters and technical center in Auburn Hills, Michigan. Supported by a $2.5 million Michigan Business Development Program performance-based grant from the Michigan Strategic Fund, administered by the Michigan Economic Development Corporation, the facility will act as a regional hub for VIA's vehicle design and testing - including the development of prototype vehicles.
"Our goal is to provide the best electric work trucks for fleets everywhere, and this facility is critical to achieving that goal," said Bob Purcell, CEO of VIA Motors. "We're excited and proud to partner with the city of Auburn Hills and the State of Michigan, tapping into the region's automotive expertise to help global fleets shift towards a zero emission, commercial electric vehicle (EV) future."
Picture1
View File Download File
Picture1
VIA Motors offers a full portfolio of electric work trucks from classes 2-5 with a variety of configurations. From box trucks and cutaways to stake trucks and walk-in vans, VIA provides tailored electric solutions for fleets that meet their needs at costs they can afford.
The facility will further boost Michigan's efforts to position itself as the global leader in the future of mobility and vehicle electrification. VIA chose Michigan because of the state's robust supply chain for electric vehicles and mobility. In addition, the knowledge and skill level of talent in the auto industry and the state's leadership in the industry are expected to benefit the company as it continues to grow.
"We're a region and state of innovators, it's in our DNA. VIA Motors is a high-tech company that's going to be headquartered in the Detroit Region as we continue to deliver cutting-edge automotive and advanced mobility technology to the world. The Detroit Regional Partnership is proud to support the MEDC and Oakland County on this project," said Maureen Donohue Krauss, president and CEO, Detroit Regional Partnership
VIA anticipates the facility will be home to a workforce of up to 300 people working in high-wage jobs. The city of Auburn Hills plans to support talent attraction and marketing. Individuals interested in careers with VIA should visit https://www.viamotors.com/via-delivers/careers/.
"We are excited to welcome VIA Motors to the Auburn Hills community. Their expertise in sustainable and innovative mobility solutions are a welcomed addition to our growing EV solutions sector. This investment continues to build on Auburn Hills' reputation as a great place to invest and do business. We appreciate their confidence and look forward to partnering with them to provide an environment where their business can grow and thrive," said Mayor Kevin McDaniel, Auburn Hills, Michigan.
"The decision by VIA Motors International to locate its technical center and headquarters and bring 300 new jobs to Auburn Hills reinforces the region's reputation as a leader in advanced mobility manufacturing," said Oakland County Executive David Coulter. "And the collaboration by the state, Oakland County, the city of Auburn Hills and the Detroit Regional Partnership proved to be a winning combination to help to land this pivotal project."
VIA Motors is in a pending transaction with Ideanomics, a global group with a mission to accelerate the commercial adoption of electric vehicles. Once it becomes part of Ideanomics, VIA can offer a total package that makes it easy for fleets to transition to electric drive — vehicles, charging infrastructure and financing.
VIA's technical center in Orem, Utah, will continue to operate as an R & D facility and hub for the Western United States. The two technical centers will support VIA's prototyping, as they finalize their full production manufacturing facility.
"Congratulations to the VIA team on your growth and success. We are excited to welcome you to Michigan, and appreciate this vote of confidence in our talented workforce and leadership position in electric vehicle manufacturing," said Quentin L. Messer, Jr., CEO of MEDC and President and Chair of the MSF Board. "Today represents only the beginning of an exciting relationship with VIA Motors. We are grateful to the Governor, legislators and local officials for their continued support of the Michigan Business Development Program, which has allowed VIA to grow in our state. We're pleased to work with local partners like the Detroit Regional Partnership, Oakland County, and the city of Auburn Hills to bring these high-wage jobs to Southeast Michigan, and we look forward to welcoming more companies like VIA to Michigan."
ABOUT VIA MOTORS INTERNATIONAL, INC.
VIA is a leading electric commercial vehicle company with proven advanced electric drive technology, delivering sustainable mobility solutions for a more livable world. VIA designs, manufactures, and markets electric commercial vehicles, with superior life-cycle economics, for use across a broad cross-section of the global fleet customer base. VIA's vehicles are optimized for each fleet's needs, with intelligent software packages and fleet monitoring systems that are designed to reduce cost and improve operating efficiencies. VIA is a systems-driven company and strives to optimize the total fleet experience including energy, maintenance, uptime, route mapping and more, with reduced development time, improved quality, driving comfort, energy efficiency and connectivity.?VIA Motors is in a pending transaction with Ideanomics, a global group with a simple mission, to accelerate commercial adoption of electric vehicles. https://www.viamotors.com
ABOUT MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC)
The Michigan Economic Development Corporation is the state's marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan's economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
Contact:
Derek Larsen
Derek.Larsen@VIAMotors.com
SOURCE VIA Motors
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PUBLICATION NOTICE
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF IDEANOMICS, INC. ("IDEANOMICS") (NASDAQ: IDEX, WCST, SSC) LISTED ON THE NASDAQ OR DOMESTICALLY IN THE UNITED STATES BETWEEN FEBRUARY 1, 2017 AND NOVEMBER 13, 2018 AND WERE DAMAGED THEREBY ("CLASS").
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Lead Plaintiff Jaysukh Rudani ("Lead Plaintiff"), on behalf of himself and each member of the Class, and defendants Ideanomics, Zheng Wu a/k/a Bruno Wu, Bing Yang, and Robert Benya, have reached a proposed settlement of the above-captioned action ("Action") in the amount of $5,000,000 that, if approved, will resolve the Action in its entirety (the "Settlement").
A hearing will be held on January 25, 2022 at 10:00 a.m./p.m., at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007 in Courtroom 11A for the purpose of determining: (1) whether the proposed Settlement as set forth in the Stipulation of Settlement dated July 30, 2021 ("Stipulation") of the Action is fair, reasonable, and adequate; (2) whether a Judgment should be entered by the Court dismissing the Action with prejudice; (3) whether the Plan of Allocation for distribution of the settlement funds available for distribution is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees in the amount of 33.33% of the Settlement Fund, and reimbursement of Lead Counsel's expenses up to $40,000, should be approved."
IA is looking at gobbling the biggest piece of the IDEX Pie!...
IA committed to buy, From time to time IA will be adding a whopping $150Million dollar worth of IDEX!.
Already bought:
IA II PN Ltd just bought 12.5M Shares @$2.213 and few days earlier same IA II PN Ltd bought another 13.3M shares @$2.613 together 25.83M shares for total Sales of $35M
Here is the News Link: https://www.otcmarkets.com/filing/html?id=14532953&guid=zWUqUnO0tQNjb3h
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