Ideanomics told investors on Monday that it has identified the FinTech Village at the former West Hartford UConn campus as a “non-core asset” and is “evaluating its strategies for divesting of this asset.” Slipped into its annual earnings filing with the U.S. Securities & Exchange Commission, the disclosure came as Ideanomics reported a $98.5-million loss in 2019, up from $27.4 million in 2018. The company’s shares were trading at all-time lows of around 37 cents on Tuesday morning, down from $1.77 a year ago. The Department of Economic and Community Development (DECD) has pledged up to $10 million in assistance for the project, but that funding is contingent on job creation targets. To date, Ideanomics has not drawn on any of the money, DECD confirmed Tuesday.
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