Ideanomics (IDEX) Receives Nasdaq Notice Regarding Late Filing of Quarterly Report

Ideanomics (NASDAQ: IDEX) today announced that on May 17, 2022 the Company received a notice from the staff of the Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC 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 delinquent in filing its Form 10-K for the period ended December 31, 2022 (the "Form 10-K" and, together with the Form 10-Q, the "Delayed Reports"), the Company is no longer in compliance with Nasdaq Listing Rules for continued listing.

The Company is working diligently and expects to file the Delayed Reports as soon as practicable and has recently submitted a compliance plan to the Staff to evidence compliance with Nasdaq Listing Rule 5250(c)(1) (the "Filing Requirement") and requested that Nasdaq exercise its discretion and grant the Company an extension, so that the Company may demonstrate compliance with the Filing Requirement and with all other applicable criteria for continued listing on Nasdaq. On or about May 17, 2022, Nasdaq granted the Company's request for the extension, subject to certain conditions.

You May Also Be Interested In

• Genco Shipping & Trading Limited (GNK) Sends Letter to Shareholders
• Deckers Brands (DECK) Appoints Marco Ellerker as President of Global Marketplace
• Innodata (INOD) Awarded New Programs from "Magnificent Seven" Big Tech Customer Valued at Approximately $20 Million in Annualized Run Rate Revenue