Ideanomics Announces Receipt of Notice from Nasdaq Regarding Listing Delinquency

Core Viewpoint - Ideanomics has received a notice from Nasdaq regarding non-compliance with listing requirements due to insufficient stockholders' equity, which may lead to delisting [1][2]. Company Summary - Ideanomics (NASDAQ: IDEX) aims to accelerate the commercial adoption of electric vehicles by integrating vehicles, charging technology, design, implementation, and financial services [3]. - The company reported stockholders' equity of less than the required minimum of $2,500,000 for continued listing on Nasdaq [1]. - The Nasdaq Hearings Panel will review the company's situation, and Ideanomics must submit its response by July 3, 2024 [2]. - The company is actively working to regain compliance and will provide updates as more information becomes available [2].