NEW
YORK, Aug. 12, 2022 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company"), a global company
focused on accelerating the adoption of commercial electric
vehicles (EV), today announced that, as expected, the Company
received an additional notice of non-compliance from the Listing
Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC
("Nasdaq") due to the Company's failure to timely file the Form
10-Q for the quarter ended June 30,
2022 with the Securities and Exchange Commission (the
"SEC"), as required by Nasdaq Listing Rule 5250(c)(1). As
previously disclosed, the Company earlier received notices from
Nasdaq regarding its non-compliance with the Rule with respect to
the Forms 10-K and 10-Q for the fiscal year ended December 31,
2021, and quarter ended March 31, 2022, respectively. The
Company plans to regain compliance with the filing requirement by
no later than September 12, 2022, which is the deadline in order to
remain compliant with Nasdaq requirements. In the event that such
deadline is not met then the Company will apply to Nasdaq for a
hearing panel.
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global group with a simple
mission: to accelerate the commercial adoption of electric
vehicles. By bringing together vehicles and charging technology
with design, implementation, and financial services, we provide the
completeness of solutions needed for the commercial world to commit
to an EV future. To keep up with Ideanomics, please follow the
company on social @ideanomicshq or
visit https://ideanomics.com.
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 the Company's
plans to provide the Staff with an update regarding its compliance
efforts and its plan to regain compliance with the filing
requirement by no later than September 12,
2022. 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. All forward-looking statements
in this press release are expressly qualified in their entirety by
these risk factors in our most recent Form 10-K and Form 10-Q filed
with the SEC, and similar disclosures in subsequent reports filed
with the SEC, which are available on the SEC website at
www.sec.gov. Other than as required under the securities laws, the
Company does not assume a duty to update these forward-looking
statements.
Contacts
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116 New York,
NY 10018.
Email: ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE Ideanomics