Fintech PR
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Ideanomics, Inc. of Class Action Lawsuit and Upcoming Deadline – IDEX
Pomerantz LLP announces that a class action lawsuit has been filed against Ideanomics, Inc. (“Ideanomics” or the “Company”)(NASDAQ: IDEX) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and indexed under 20-cv-05203, is on behalf of all investors who purchased or otherwise acquired Ideanomics, Inc. (“Ideanomics” or the “Company”) securities between March 20, 2020, and June 25, 2020, inclusive (the “Class Period”). This action is brought on behalf of the Class for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §§ 78j(b) and 78t(a) and Rule 10b-5 promulgated thereunder by the SEC, 17 C.F.R. § 240.10b-5.
If you are a shareholder who purchased Ideanomics securities during the Class Period, you have until August 27, 2020, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Ideanomics purports to be a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Ideanomics common stock trades on the NASDAQ stock exchange under the ticker “IDEX.” The Company is headquartered in New York, New York, and maintains offices in Beijing and Qingdao, China.
In recent press releases, Ideanomics has lauded its “one million square foot EV expo center in Qingdao, Shandong Province,” in China, also known as the Company’s Mobile Energy Global (MEG) Division, or the “MEG Center.” According to Ideanomics, the MEG Center is “the largest auto trading market in Qingdao,” China.
Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Ideanomics’ MEG Center in Qingdao was not “a one million square foot EV expo center”; (ii) the Company had been using doctored or altered photographs of the purported MEG Center in Qingdao; (iii) the Company’s electric vehicle business in China was not performing nearly as strong as Ideanomics had represented; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
On June 25, 2020, analyst Hindenburg Research (“Hindenburg”) issued a series of tweets in which it called Ideanomics “an egregious & obvious fraud.” Hindenburg asserted that it found evidence that Ideanomics had doctored photos for use in its press releases to suggest that the Company owns or operates a vehicle sales center in Qingdao, China, when it in fact does not. Hindenburg further asserted that it had an investigator go to Ideanomics’ purported MEG Center in Qingdao, China, where the investigator was unable to find any trace of Ideanomics or its purported MEG Center.
Also on June 25, 2020, analyst J Capital Research issued a report on Ideanomics entitled “Champion of Promotes.” J Capital wrote, in part, that “Ideanomics . . . is a zero. The company changes its name and promotional story so frequently that it’s hard to keep up. One thing remains a constant, despite all the press releases, buzzwords and hype: shareholders get wiped out.” J Capital continued, in a tweet, that “[w]e called all the ‘buyers’ named in [Ideanomics’] press releases this month. Not a single one had made a purchase. One of them thanked us for alerting them to ‘fake news.’”
On this news, Ideanomics’ stock price fell from its June 24, 2020 closing price of $3.09 per share to a June 25, 2020 closing price of $2.44 per share, a one day drop of $0.65 per share, or approximately 21%.
Then on June 26, 2020, Ideanomics issued a press release in which it sought to “clarify the status” of its purported EV hub in Qingdao, China. In this release, Ideanomics walked back certain of its prior statements regarding the MEG Center in Qingdao, stating that it was launching three phases of its MEG Center that will eventually total one million square feet. The first phase, according to Ideanomics, occupies only 215,000 square feet.
The stock price continued to plummet on June 26, 2020, dropping to a close of $1.46 per share. This represents a two day drop of approximately 53%.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
SINGAPORE, March 24, 2025 /PRNewswire/ — AB DAO has announced that AB will officially be listed on Gate.io, a globally recognized digital asset trading platform, at 19:00 (UTC+8) on March 29, 2025. As one of the top 10 comprehensive exchanges by global trading volume, Gate.io boasts a vast international user base and strong asset support capabilities. The listing of AB on Gate.io marks a new stage in AB DAO’s global ecosystem expansion and will significantly enhance AB’s liquidity and brand presence in the global market.
At the same time, Gate.io will launch the “Trade AB to Win Airdrop” event, where users who complete trades will qualify for rewards.
Event Time: March 29, 2025, 18:00 – April 3, 2025, 18:00 (UTC+8)
Official Listing Announcement: https://www.gate.io/announcements/article/44047
About AB Trading Pair
Trading Pair: AB/USDT
Trading Start Time: March 29, 2025, 19:00 (UTC+8)
AB DAO Global Ecosystem Continues to Expand
$AB is currently available for trading on the following exchanges:
Bitget, HTX, MEXC, Gate, BingX, BitMart, Lbank, Hotcoin, UEEx, 4E
Upcoming Listings: Biconomy, DigiFinex, BTSE, WEEX
The listing of AB on Gate.io is a crucial step in AB DAO’s globalization roadmap. In the near future, AB will be listed on more exchanges, expanding its ecosystem applications and accelerating global adoption.
AB DAO’s Vision: Empower 100 Million People Worldwide to Hold $AB!
Stay updated with AB DAO
Official Website: https://ab.org
Telegram Announcement Channel: https://t.me/AB202528
Telegram English Community: https://t.me/Newtonproject
Telegram Chinese Community: https://t.me/ABgonglian
Telegram Thailand: https://t.me/AB_TH_Official
Telegram Philippines: https://t.me/AB_PH_Official
Telegram Vietnam: https://t.me/abprojectvietnam
Telegram Indonesia: https://t.me/abindonesiagrup
X (Twitter): https://x.com/ABDAO_Global
Discord: https://discord.gg/BSbgK6J
View original content:https://www.prnewswire.co.uk/news-releases/ab-to-be-listed-on-gateio-on-march-29-kicking-off-trade-to-win-airdrop-event-302409340.html
- Acquisition deepens and broadens 9fin’s data coverage, strengthening existing AI platform
- Builds on recent $50M Series B funding and positions the company to accelerate growth
LONDON and NEW YORK, March 24, 2025 /PRNewswire/ — 9fin, the leading AI-powered analytics platform for debt capital markets, announced today that it has acquired Bond Radar, a premier intelligence and data provider for the international bond and loan markets. This strategic move enhances 9fin’s offering with Bond Radar’s deep historical data and broad market reach, particularly within investment grade debt and emerging markets.
“This acquisition is a step towards our ambitious vision of being the number one provider of debt market intelligence,” said Steven Hunter, CEO and co-founder of 9fin. “By integrating Bond Radar’s market reach, client relationships and valuable historical transaction data, we are solidifying our position as the one-stop shop for debt market professionals, providing them with the comprehensive tools and insights they need to navigate today’s increasingly complex financial landscape.”
9fin currently covers Europe and the US, across high yield bonds, leveraged loans, distressed debt, CLOs, private credit and asset-based finance. Users can access AI tools, data and analytics across all these asset classes on one unified platform, through a single login.
With the acquisition of Bond Radar, 9fin will accelerate its expansion into new markets, including investment grade debt and asset-based finance, and expand its geographic reach into key emerging markets like Asia and Latin America. The deal also adds 20 years of historical data to the 9fin platform, providing best-in-class reporting and analytics.
Gregor Davis, Director of Bond Radar commented, “For two decades, Bond Radar has been recognised for its highly accurate, detailed and timely intelligence on the global primary debt issuance markets. I am confident that integrating with 9fin’s platform will significantly extend our capacity to deliver our specialist coverage to a broader client base within the debt markets.”
This acquisition follows 9fin’s rapid growth across the US and Europe, with the company more than doubling its revenue year-over-year, expanding its market coverage, and growing its headcount.
Last year, 9fin raised $50 million in a Series B round led by Highland Europe. It was recently recognised as one of the top 20 fastest-growing software companies in the UK, according to the Sunday Times Tech 100.
With the acquisition of Bond Radar, 9fin is poised to continue its rapid growth trajectory and accelerate its path to becoming the leading global player in debt market intelligence.
About 9fin
9fin is the faster, smarter way to find intelligence on leveraged credit. Our AI-powered data and analytics platform centralises everything needed to analyse a credit, or win a mandate, in one place. Nearly 200 of the biggest names in debt capital markets — including the top 10 investment banks, leading law firms, advisers, and asset managers with a combined total of over $17trn AUM — rely on 9fin to stay ahead, save time, and win new business. Founded in 2016, 9fin has grown globally with offices in London, New York, and Belfast, and has raised over $87m total funding to date.
About Bond Radar
Founded in 2002, Bond Radar is the premier intelligence and data service provider for the global primary debt issuance markets, offering insightful post-pricing deal reviews, and comprehensive market summaries, as well as access to an extensive and accurate database of historical priced deals. With comprehensive coverage across all aspects of the bond market, Bond Radar delivers critical intelligence to financial professionals worldwide.
Contact:
Jessica Simpkin
jessica.simpkin@9fin.com
View original content:https://www.prnewswire.co.uk/news-releases/9fin-acquires-bond-radar-to-expand-into-global-debt-market-coverage-302409150.html
Fintech PR
3rd CISCE European Promotion Event: Pioneering New Frameworks for Global Supply Chain Collaboration
BELGRADE, Serbia, March 24, 2025 /PRNewswire/ — From March 17th to 21st, the China Council for the Promotion of International Trade (CCPIT) led a delegation of Chinese entrepreneurs on a visit to Italy and Serbia. During the tour, CCPIT hosted the Economic and Trade Cooperation Forum in concert with the Promotion Conference for the 3rd China International Supply Chain Expo (the Expo) in Milan, Italy, and Belgrade, Serbia.
Ren noted that this year commemorates the 50th anniversary of diplomatic ties between China and the European Union. Over the past half-century, considerable progress has been made in various domains of pragmatic cooperation between the two regions. CCPIT is committed to working with all stakeholders to enhance industrial and supply chain collaborations within the international business community and to share opportunities for growth and development with European nations. The council is eager to advance high-level openness to ensure a favorable business environment for the private sector.
In addition, CCPIT seeks to strengthen bilateral relations through balanced and reciprocal multilateralism and to advocate for the liberalization and facilitation of trade and investment. The council aims to intensify collaboration in traditional sectors between the two regions while exploring new areas such as renewable energy, the digital economy, and equipment manufacturing.
“European firms are invited to participate in the upcoming Expo, utilizing the event as a forum to bolster industrial and supply chain exchanges and establish safer, more robust partnerships. As principal global economies, China and the EU are solidifying their cooperative foundations,” said Ren. “which not only stabilizes bilateral relations and strengthens resilience against external risks but also provides new momentum into the global economic resurgence. This pledge underscores the commitment of both China and European nations to nurture an open world economy.”
Several prominent guests delivered addresses at the event, including Mario Boselli, President of the Italy China Council Foundation, David Doninotti, Secretary General of the Italian Association of Foreign Trade, Liu Kan, Consul General of China in Milan, Marko Čadež, President of the Chamber of Commerce and Industry of Serbia, Adrijana Mesarović, Minister of Economy of Serbia and Li Ming, Ambassador of China to Serbia.
The event drew over 400 delegates from Italian and Serbian trade and investment promotion organizations, business associations, and firms. During the gathering, the China International Exhibition Center Group signed several cooperation agreements with various organizations and businesses.
Photo – https://mma.prnewswire.com/media/2648331/image.jpg
Logo – https://mma.prnewswire.com/media/2427202/CISCE_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/3rd-cisce-european-promotion-event-pioneering-new-frameworks-for-global-supply-chain-collaboration-302409324.html
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