NEW YORK, May 20, 2022 /PRNewswire/ — ideonomic (NASDAQ: IDEX) (“Ideanomics” or the “Company”) today announced that the May 17, 2022 the Company has received a notice (the “10-Q Notice”) from the staff of the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Form 10-Q for the period ended March 31, 2022 (the “Form 10-Q”) and because the Company remains late in filing its Form 10-K for the period ended December 31, 2021 (the “Form 10-K” and, together with the Form 10-Q, the “Deferred Reports”), the Company is no longer in compliance with the Nasdaq Listing Rules for continued listing.
The company is working diligently and plans to file deferred reports as soon as possible and has recently submitted a compliance plan to staff to demonstrate compliance with Nasdaq listing rule 5250(c)(1) (the “requirement of filing”) and requested that The Nasdaq exercise its discretion and grant the Company an extension, so that the Company can demonstrate compliance with the filing requirement and all other applicable criteria for continued listing on the Nasdaq. On or about May 17, 2022, the Nasdaq granted the Company’s extension request, subject to certain conditions.
Ideanomics (NASDAQ:IDEX) is a global company with a simple mission: to accelerate the commercial adoption of electric vehicles. By linking vehicles and charging technology with design, implementation and financial services, we provide the end-to-end solutions needed to engage the commercial world in an EV future. To keep up to date with Ideanomics, please follow the company on social media @ideanomicshq or visithttps://ideanomics.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical facts 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 the statement regarding the completion of the combination companies in a certain period of time, if ever. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and such 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. The Company’s actual results could differ materially from those anticipated in these forward-looking statements due to a variety of risks and uncertainties, such as risks relating to: our ability to obtain necessary regulatory approvals and other risks and uncertainties disclosed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Forms 10-K and 10-Q filed with the Securities and Exchange Commission, and similar information in subsequent reports filed with the SEC, available on the SEC’s website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements.
Investor relations and media contact
Tony SklerSenior Vice President of Investor Relations
1441 Broadway, Suite 5116 New York, NY 10018.
E-mail: [email protected]