IDEANOMICS, INC.: Nasdaq/NYSE listing notice — Nasdaq notifies Ideanomics of delisting due to stock price below $0.10 for 10 days

IDEANOMICS, INC.

Nasdaq determined to delist Ideanomics common stock from Nasdaq Capital Market; trading suspension effective May 1, 2023 unless hearing requested.
Stock closed at $0.10 or less for ten consecutive trading days (April 5-19, 2023) violating Listing Rule 5550(a)(2).
Company plans to timely file a hearing request with Nasdaq Hearings Panel to appeal determination and stay suspension.
Prior notice of bid price deficiency; company had until May 15, 2023 to regain $1.00 minimum bid price.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

IDEANOMICS, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

April 20, 2023, the Company was notified by the Listing Qualifications Staff (the “Staff”) of Nasdaq that the Company did not meet the minimum closing bid price requirement of $1.00 for continued listing, as set forth in Nasdaq Listing Rule 5550(a)(2), as the Staff has determined that as of April 19, 2023, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days, from April 5 through April 19, 2023. As such, the Staff has determined to delist the Company’s common stock from the Nasdaq Capital Market and to suspend trading of the common stock at the ope

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Source: SEC EDGAR

accession 0001104659-23-048494

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