Post by icemandios on Feb 26, 2016 13:58:10 GMT
IDI, Inc. Terminates At-The-Market Sales Agreement
Data and analytics company terminates At-The-Market Sales Agreement, citing positive cash flow, strong current cash position, and lack of current cash needs.
IDI, Inc. (NYSE MKT: IDI), a data and analytics company, today announced that it has elected to terminate that certain Capital on DemandTM Sales Agreement dated as of January 15, 2016 between IDI and JonesTrading Institutional Services LLC, citing a lack of need for outside cash due to IDI's ongoing positive cash flow and strong current cash position. IDI did not sell any shares of common stock pursuant to the Capital on Demand™ Sales Agreement.
About IDI, Inc.
At IDI, we believe that time is your most valuable asset. Through powerful analytics, we transform data into intelligence, in a fast and efficient manner, so that our clients can spend their time on what matters most – running their organizations with confidence. Through leading-edge, proprietary technology and a massive data repository, our data and analytical solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. We empower clients across markets and industries to better execute all aspects of their business, from managing risk, conducting investigations, identifying fraud and abuse, and collecting debts, to identifying and acquiring new customers. At IDI, we are dedicated to making the world a safer place, to reducing the cost of doing business, and to enhancing the consumer experience.
Data and analytics company terminates At-The-Market Sales Agreement, citing positive cash flow, strong current cash position, and lack of current cash needs.
IDI, Inc. (NYSE MKT: IDI), a data and analytics company, today announced that it has elected to terminate that certain Capital on DemandTM Sales Agreement dated as of January 15, 2016 between IDI and JonesTrading Institutional Services LLC, citing a lack of need for outside cash due to IDI's ongoing positive cash flow and strong current cash position. IDI did not sell any shares of common stock pursuant to the Capital on Demand™ Sales Agreement.
About IDI, Inc.
At IDI, we believe that time is your most valuable asset. Through powerful analytics, we transform data into intelligence, in a fast and efficient manner, so that our clients can spend their time on what matters most – running their organizations with confidence. Through leading-edge, proprietary technology and a massive data repository, our data and analytical solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. We empower clients across markets and industries to better execute all aspects of their business, from managing risk, conducting investigations, identifying fraud and abuse, and collecting debts, to identifying and acquiring new customers. At IDI, we are dedicated to making the world a safer place, to reducing the cost of doing business, and to enhancing the consumer experience.