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NEW YORK, Dec. 24, 2020 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) today announced that Dr. Bruno Wu will step down as Executive Chairman effective December 31, 2020, and Alf Poor will succeed as Interim-Chairman.

“I will continue to support the company both as a major shareholder and as an advisor,” said Dr. Bruno Wu. “For the past five years, I have joined you on a journey that has seen us migrate from a media company into a modern, tech-focused, multi-national company focused on high-growth industries being transformed by innovation. It is at this time that I feel the business has matured to the extent that my significant involvement is no longer required in the same way that it was five years ago. We have built a strong team to govern the business that has embraced my vision and can drive it towards profitable growth. For this reason, I will be resigning from my role as Executive Chairman and moving to an advisory role where I will continue to provide the Company ongoing support in high-level strategic areas where my energy and network of relationships can continue to support Ideanomics’ objectives. This is a positive move for the company and its shareholders.”

“This change will focus Bruno’s energy on strategic aspects of the business and, in particular, on strategic initiatives in our EV business segments. We are grateful for Bruno’s energy and vision over the past five years, which has transformed the business,” said Alf Poor, Ideanomics CEO. “As we look to 2021, we are well-positioned for growth in North America and Asia, where we have active operations and investments.”

About Ideanomics

Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. Our Mobile Energy Global (MEG) division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries.

The company is headquartered in New York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.

Safe Harbor Statement
This press release contains certain statements that may include “forward looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations and Media Contact

Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116 New York, NY 10018
[email protected]

Valerie Christopherson / Lora Wilson
Global Results Communications (GRC)
+1 949 306 6476
[email protected] 

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SOURCE Ideanomics

TORONTO, Dec. 24, 2020 /CNW/ – Fidelity Investments Canada ULC (“Fidelity”) today announced the final December 2020 cash distributions for Fidelity’s suite of ETFs (“Fidelity ETFs”).

On December 18, 2020, Fidelity announced estimated 2020 cash distributions for the Fidelity ETFs. Subsequent to this announcement, investor activity has led to changes to the cash distribution per unit for the Fidelity ETFs, including material changes for Fidelity International High Dividend Index ETF (FCID), Fidelity Canadian High Quality Index ETF (FCCQ), Fidelity U.S. High Quality Currency Neutral Index ETF (FCQH) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB). Please be advised that the cash distributions announced in this press release replace those stated in the December 18, 2020 press release for the Fidelity ETFs.

Detailed in the table below, unitholders of record as of December 29, 2020 will receive a per-unit cash distribution payable on December 31, 2020.

About Fidelity Investments Canada ULC

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals.

As a privately-owned company, our people and world class resources are committed to doing what is right for investors and their long-term success. Our clients have entrusted us with $171 billion in assets under management (as at December 22, 2020) and they include individuals, financial advisors, pension plans, endowments, foundations and more.

We are proud to provide investors a full range of investment solutions through mutual funds and exchange-traded funds, including domestic, international and global equity, income-oriented strategies, asset allocation solutions, managed portfolios, sustainable investing and our high net worth program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies.

Read a fund’s prospectus and consult your financial advisor before investing. Exchange-traded funds are not guaranteed, their values change frequently, and past performance may not be repeated. Commissions, management fees, brokerage fees and expenses may all be associated with investments in exchange-traded funds and investors and may experience a gain or loss.

Find us on social media @FidelityCanada

SOURCE Fidelity Investments Canada ULC

VANCOUVER, BC, Dec. 24, 2020 /CNW/ – Trading resumes in:

Company: SAN LORENZO GOLD CORP. (formerly Tailwind Capital Corporation)

TSX-Venture Symbol: SLG (formerly TW.P)

Resumption (ET): 9:30 AM  12/29/2020

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

VANCOUVER, BC, Dec. 24, 2020 /CNW/ – Trading resumes in:

Company: SHERPA II HOLDINGS CORP. (formerly Sherpa II Holdings Corp.)

TSX-Venture Symbol: SHRP (formerly SHRP.P)

Resumption (ET): 9:30 AM 12/29/2020

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

OSLO, Norway, Dec. 24, 2020 /PRNewswire/ — As stated in its Q3 report, Borr Drilling has been working actively with its creditors to strengthen the liquidity profile of the Company. With considerable support of all secured creditors a liquidity improvement plan amounting to $925 million over the next two years has been devised.

Subject to the Company successfully raising USD40m in new equity, the lenders are supportive of the following outcome, subject to final Board and credit committee approvals:

• The USD400m syndicated bank facilities to defer maturity to Jan 2023
• The USD195m Hayfin facility to defer maturity to Jan 2023
• USD760m PPL facilities now mature in May 2023 and related interest of $107m in March 2023

• The USD272m Keppel facility to defer interest to May 2023
• The USD620m in Keppel newbuilding commitments to be deferred to June 2023
• The USD350m Convertible bond, remains in place unchanged with a maturity in May 2023

The Company will now negotiate the definitive documentation with a view to closing the same and raising new equity by 31 January 2021.

Borr Drilling has received strong indications from its main shareholders supporting the proposed equity issue based on this liquidity improvement.

“Borr Drilling is very thankful for the support given by all the secured creditors and yards to strengthen the financial footing of the company. We consider this a great testimony to the quality of our people, assets, and operations who in turn deliver value to our customers”, commented Patrick Schorn.

This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The securities referenced herein have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Forward Looking Statements

This announcement includes forward looking statements, which are statements that do not reflect historical facts and may be identified by words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intends”, “may”, “should”, “will” and similar expressions and include statements with respect to the Company actively working with its creditors to strengthen its liquidity profile, considerable support indicated by creditors for a liquidity improvement plan, including the expected amount of the improvement plan, details of the plan including maturity and interest deferrals, and the condition of an equity raise including the amount of the equity raises, the Company negotiating definitive documentation with a view to closing the same and raising new equity by 31 January 2021 and that the Company has received strong indications from its main shareholders supporting the proposed equity issue; and other non-historical statements. These forward-looking statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, which are, by their nature, uncertain and subject to significant known and unknown risks, contingencies and other factors which are difficult or impossible to predict and which are beyond our control. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks relating to the liquidity improvement plan including the risk that the Company is unable to reach final agreement and execute definitive documentation with the relevant creditors and risks relating to the final terms of such agreements, risks relating to meeting conditions to these agreements, including risks relating to the contemplated equity raise and the risk that such conditions are not met, risks relating to our liquidity including the risk that we may have insufficient liquidity to fund our operations; risks that the expected liquidity improvements do not materialize or are not sufficient to meet our liquidity requirements and other risks relating to our liquidity, the risk that our customers do not comply with their contractual obligations, including payment or approval of invoices for factoring, risks relating to industry conditions and tendering activity, risks relating to cash flows from operations, the risk that we may be unable to raise necessary funds through issuance of additional debt or equity or sale of assets; risks relating to our debt instruments including risks relating to our ability to comply with covenants and obtain any necessary waivers and the risk of cross defaults, risks relating to our ability to meet our debt obligations and obligations under rig purchase contracts and our other obligations as they fall due, risks relating to our liquidity requirements, risks relating to future financings including the risk that future financings may not be completed when required and future equity financings will dilute shareholders and the risk that the foregoing would result in insufficient liquidity to continue our operations or to operate as a going concern and other risks included in our filings with the Securities and Exchange Commission including those set forth under “Risk Factors” in our annual report on Form 20-F for the year ended December 31, 2019.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/borr-drilling-limited/r/borr-drilling—progressing-to-extend-runway,c3261594

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SOURCE Borr Drilling Limited

VANCOUVER, BC, Dec. 24, 2020 /CNW/ – Trading resumes in:

Company: Shine Box Capital Corp.

TSX-Venture Symbol: RENT.P

All Issues: No

Resumption (ET): 9:30 12/29/2020

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions