Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, has been notified by the Nasdaq Stock Market LLC that it is no longer in compliance with listing rules because it has not yet filed its Form 10-K. NASDAQ requires companies listed on the exchange to file periodic financial reports with the Securities and Exchange Commission (“SEC”) in a timely manner. According to the announcement, the notification has no immediate effect on the listing of IDEX shares on NASDAQ, but the shares could be delisted if the company fails to file its form 10-K annual report in the next 60 days; the company could have up to 180 days to comply by submitting a plan for filing the report that the exchange approves. IDEX noted that it is “working diligently and expects to file its form 10-K within the 60-day period described above, which would eliminate the need for the company to submit a formal plan to regain compliance.”
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About Ideanomics Inc.
Ideanomics 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, the company provides the completeness of solutions needed for the commercial world to commit to an EV future. For more information about the company, please visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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