- An 8-K for IDI (IDI -3.7%) details a new sales agreement with JonesTrading where the company may issue and sell shares at the market, and the ending of its relationship with its co-CEO.
- The company's sales deal allows for IDI to issue and sell up to 5M common shares from time to time. The sales could come at the market, or also in negotiated transactions.
- Meanwhile, it notified co-CEO Peter Tan that it wouldn't renew his employment agreement.