Ideanomics Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K
April 24 2024 - 5:30PM
NEW YORK, NY, April 24, 2024 / Ideanomics (NASDAQ:IDEX)
("Ideanomics" or the "Company") today announced that on April 19,
2024, the Company received a notice (the "10-K Notice") from the
staff of the Nasdaq Listing Qualifications department (the "Staff")
of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the
Company had not yet filed its Form 10-K for the period ended
December 30, 2023 (the "Form 10-K"), the Company is not in
compliance with Nasdaq Listing Rules for continued listing.
The Company is working diligently to regain compliance and
will provide an update once more information is available.
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
solutions 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
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding the expected timing for the
filing of the Form 10-K, the Company's ability to regain compliance
with the Nasdaq requirements for continued listing and
related matters. These forward-looking statements are often
identified by the use of forward-looking terminology such as
"believes," "expects," or similar expressions that involve known
and unknown risks and uncertainties. Any forward-looking statements
contained herein are based on current expectations, but are subject
to risks and uncertainties that could cause actual results to
differ materially from those indicated, including, but not limited
to, risks and uncertainties relating to the failure of the Company
to file the Form 10-K on its expected timeline and other risk
factors discussed from time to time in the Company's filings with
the SEC. These and other factors are identified and described in
more detail in the Company's filings with the SEC, including,
without limitation, the Company's most recent Form 10-K and Form
10-Q. The Company expressly disclaims any intent or obligation to
update these forward-looking statements other than as required by
law.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
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