Ideanomics Receives Notice from Nasdaq Regarding Listing Rule 5250(f)

Ideanomics Faces Compliance Issue with Nasdaq Listing Rules

New York, April 26, 2024 (GLOBE NEWSWIRE) — Ideanomics (NASDAQ:IDEX) recently found itself in hot water with the Nasdaq Listing Qualifications department due to non-payment of certain required fees. The company received a notice from Nasdaq on April 22, 2024, stating that it was not in compliance with Nasdaq Listing Rules for continued listing.

However, Ideanomics quickly rectified the situation by paying the outstanding fees and satisfying the requirement, ensuring its continued listing on the Nasdaq stock exchange.

Ideanomics, a global group with a mission to accelerate the commercial adoption of electric vehicles, has been making strides in the EV industry. By providing solutions that combine vehicles, charging technology, design, implementation, and financial services, Ideanomics aims to drive the world towards an electric vehicle future.

In a statement, Ideanomics emphasized its commitment to compliance and its dedication to meeting Nasdaq’s listing requirements. The company urged investors and stakeholders to stay updated on its progress by following its social media channels or visiting its website.

While this compliance issue may have caused a brief hiccup for Ideanomics, the company’s swift action to address the situation demonstrates its proactive approach to regulatory matters. With a focus on innovation and sustainability, Ideanomics continues to be a key player in the evolving electric vehicle market.

For more information about Ideanomics and its initiatives, interested parties can visit the company’s website or contact Tony Sklar, SVP of Investor Relations, at ir@ideanomics.com.