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IDEX

Ideanomics

$1.35

-0.05 (-3.57%)

08:35
05/31/19
05/31
08:35
05/31/19
08:35

Ideanomics enters into JV with iUnicorn to expand EV activities

Ideanomics announced the signing of a strategic joint venture with China's iUnicorn. iUnicorn is a Chinese ride-hailing service which offers only luxury branded electric vehicles in addition to Chinese electric vehicle manufactures. The JV will become a green finance and integrated marketing service enterprise for new energy vehicles as part of Ideanomics' New Energy Vehicle division. The JV will become the exclusive sales, marketing, operations, and financing partner for iUnicorns activities, as well as for other EV activities, including tour bus and other specialty vehicles. Ideanomics will have 50.1% ownership control. The board will contain 5 members comprised of 3 from Ideanomics, including the chairman, and 2 from iUnicorn. Additionally, iUnicorn will appoint the CEO and the parties will coordinate on the appointment of the JV's CFO. The JV will be domiciled outside of China to allow the flexibility to spin-off the business in the future. Ideanomics will contribute advisory and sales responsibilities which will include arranging ABS-based auto financing with its bank and financing partners, from assets provided by vehicle manufacturers to the value of RMB5B, as well as order origination in Vietnam, and other target territories up to and including the U.S. Ideanomics will also contribute its tour bus and commercial vehicle orders. iUnicorn will contribute its signed sales orders in Chengdu of 19,000 vehicles, plus a further 89,000 vehicle orders mainly in Sichuan province, which are in addition to the Chengdu order. iUnicorn will also provide sales and operational support for the joint venture. The fulfillment of these orders will commence immediately, with the Chengdu order anticipated to begin to take delivery during the 3rd quarter of 2019. The JV will generate revenues from fees from ABS, ranging from 0.7% to 1.5% and also commissions on vehicle sales orders, which will vary according to manufacturer and vehicle model.

  • 25

    Sep

TODAY'S FREE FLY STORIES

CAT

Caterpillar

$134.37

0.43 (0.32%)

17:46
06/24/19
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Caterpillar awarded share of $900M Defense Logistics Agency contract »

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FBK

FB Financial

$35.14

0.06 (0.17%)

17:45
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FB Financial provides update on its exit of wholesale mortgage channels »

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FLR

Fluor

$31.11

-0.99 (-3.08%)

17:44
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Fluor: Stork consortium awarded four-year agreement by Ecopetrol in Colombia »

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ERYP

Erytech Pharma

$6.69

(0.00%)

17:33
06/24/19
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Hot Stocks
Erytech Pharma announces strategic collaboration with SQZ Biotechnologies »

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LMT

Lockheed Martin

$359.98

0.555 (0.15%)

17:33
06/24/19
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17:33
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Hot Stocks
Lockheed Martin awarded $561.80M Army contract »

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MDCO

The Medicines Co.

$35.38

-1.01 (-2.78%)

17:30
06/24/19
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Syndicate
The Medicines Co. files to sell $150M of common stock »

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MHTLY

Metcash

$0.00

(0.00%)

17:30
06/24/19
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17:30
Downgrade
Metcash rating change at Goldman Sachs »

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MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

, LLL

L3 Technologies

$256.30

(0.00%)

17:28
06/24/19
06/24
17:28
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17:28
Hot Stocks
S&P announces changes to S&P 400, 500, 600 indices »

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MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

LLL

L3 Technologies

$256.30

(0.00%)

AAXN

Axon

$73.22

-0.12 (-0.16%)

MLAB

Mesa Labs

$227.44

-3.4 (-1.47%)

HRS

Harris

$197.28

-0.07 (-0.04%)

USNA

Usana

$72.41

-0.58 (-0.79%)

LION

Fidelity Southern

$30.18

-0.06 (-0.20%)

ABCB

Ameris Bancorp

$37.76

(0.00%)

XNCR

Xencor

$33.86

-1.31 (-3.72%)

HF

HFF Inc.

$45.25

-0.29 (-0.64%)

JLL

Jones Lang LaSalle

$137.43

-2.075 (-1.49%)

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TMSR

TMSR Holding

$1.67

(0.00%)

17:28
06/24/19
06/24
17:28
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17:28
Syndicate
Breaking Syndicate news story on TMSR Holding »

TMSR Holding files $50M…

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MDCO

The Medicines Co.

$35.38

-1.01 (-2.78%)

17:27
06/24/19
06/24
17:27
06/24/19
17:27
Syndicate
Breaking Syndicate news story on The Medicines Co. »

The Medicines Co. files…

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XNCR

Xencor

$33.86

-1.31 (-3.72%)

, HF

HFF Inc.

$45.25

-0.29 (-0.64%)

17:22
06/24/19
06/24
17:22
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17:22
Hot Stocks
Xencor to replace HFF Inc. in S&P 600 at open on 7/2 »

Jones Lang LaSalle (JLL)…

XNCR

Xencor

$33.86

-1.31 (-3.72%)

HF

HFF Inc.

$45.25

-0.29 (-0.64%)

JLL

Jones Lang LaSalle

$137.43

-2.075 (-1.49%)

03/08/13
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USNA

Usana

$72.41

-0.58 (-0.79%)

, LION

Fidelity Southern

$30.18

-0.06 (-0.20%)

17:20
06/24/19
06/24
17:20
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17:20
Hot Stocks
Usana to replace Fidelity Southern in S&P 600 at open on 7/1 »

Ameris Bancorp (ABCB) is…

USNA

Usana

$72.41

-0.58 (-0.79%)

LION

Fidelity Southern

$30.18

-0.06 (-0.20%)

ABCB

Ameris Bancorp

$37.76

(0.00%)

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MLAB

Mesa Labs

$227.44

-3.4 (-1.47%)

, AAXN

Axon

$73.22

-0.12 (-0.16%)

17:19
06/24/19
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Hot Stocks
Breaking Hot Stocks news story on Mesa Labs, Axon »

Mesa Labs to replace Axon…

MLAB

Mesa Labs

$227.44

-3.4 (-1.47%)

AAXN

Axon

$73.22

-0.12 (-0.16%)

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AAXN

Axon

$73.22

-0.12 (-0.16%)

, MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

17:18
06/24/19
06/24
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Hot Stocks
Breaking Hot Stocks news story on Axon, MarketAxess »

Axon to replace…

AAXN

Axon

$73.22

-0.12 (-0.16%)

MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

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MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

, LLL

L3 Technologies

$256.30

(0.00%)

17:18
06/24/19
06/24
17:18
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17:18
Hot Stocks
MarketAxess to replace L3 Technologies in S&P 500 at open on 7/1 »

Harris (HRS) is acquiring…

MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

LLL

L3 Technologies

$256.30

(0.00%)

HRS

Harris

$197.28

-0.07 (-0.04%)

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VGZ

Vista Gold

$0.81

-0.0026 (-0.32%)

17:04
06/24/19
06/24
17:04
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17:04
Hot Stocks
Vista Gold CFO Jack Engele to retire, Douglas Tobler to succeed »

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AAPL

Apple

$198.60

-0.17 (-0.09%)

17:03
06/24/19
06/24
17:03
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17:03
Periodicals
Apple to announce Seattle expansion on Monday, Seattle Times reports »

According to a story by…

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HPE

HP Enterprise

$15.00

0.07 (0.47%)

, CRWD

Crowdstrike

$67.91

-5.09 (-6.97%)

17:01
06/24/19
06/24
17:01
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17:01
Hot Stocks
HP Enterprise appoints Crowdstrike CEO George Kurtz to Board of Directors »

Hewlett Packard…

HPE

HP Enterprise

$15.00

0.07 (0.47%)

CRWD

Crowdstrike

$67.91

-5.09 (-6.97%)

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NGM

NGM Biopharmaceuticals

$13.88

0.1 (0.73%)

17:01
06/24/19
06/24
17:01
06/24/19
17:01
Initiation
NGM Biopharmaceuticals initiated at Stifel »

NGM Biopharmaceuticals…

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VNDA

Vanda Pharmaceuticals

$13.81

-0.27 (-1.92%)

17:00
06/24/19
06/24
17:00
06/24/19
17:00
Hot Stocks
Armistice Capital reports 6.2% passive stake in Vanda Pharmaceuticals »

In a regulatory filing,…

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  • 16

    Aug

CBAY

CymaBay

$6.76

-0.32 (-4.52%)

16:58
06/24/19
06/24
16:58
06/24/19
16:58
Initiation
CymaBay initiated at Stifel »

CymaBay initiated with a…

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PK

Park Hotels & Resorts

$27.47

-0.73 (-2.59%)

16:58
06/24/19
06/24
16:58
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16:58
Hot Stocks
Park Hotels & Resorts announces sale of three non-core assets for $166M »

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ICPT

Intercept

$79.64

-1.74 (-2.14%)

16:56
06/24/19
06/24
16:56
06/24/19
16:56
Initiation
Intercept initiated at Stifel »

Intercept initiated with…

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KRYS

Krystal Biotech

$41.15

11.87 (40.54%)

16:48
06/24/19
06/24
16:48
06/24/19
16:48
Syndicate
Krystal Biotech files to sell $100M of common stock »

Goldman Sachs & Co.…

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  • 24

    Jun

GNFT

Genfit

$20.19

-0.02 (-0.10%)

16:40
06/24/19
06/24
16:40
06/24/19
16:40
Hot Stocks
Breaking Hot Stocks news story on Genfit »

Genfit SA (ADS) trading…

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