---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-070224"
form_type: "8-K"
ticker: null
cik: "0000837852"
company_name: "IDEANOMICS, INC."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:23:27.265894+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ideanomics receives Nasdaq deficiency notice for audit committee composition after director resignation

## Summary
- Jerry Fan resigned from board and audit committee on April 29, 2023, leaving audit committee with only 2 independent directors, below the required minimum of three.
- Nasdaq granted a cure period until earlier of next annual meeting or May 31, 2024; if annual meeting before Nov 27, 2023, compliance required by Nov 27, 2023.
- Company plans to appoint an additional independent director promptly but cannot assure regaining compliance; failure could lead to delisting of IDEX.
- The letter has no immediate effect on trading; stock continues listed on Nasdaq under symbol IDEX.

## SEC filing metadata
- accession: 0001104659-23-070224
- form_type: 8-K
- cik: 0000837852
- company_name: IDEANOMICS, INC.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/837852/000110465923070224/0001104659-23-070224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837852/000110465923070224/tm2318465d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-070224
- JSON: https://secwatch.observer/filing/0001104659-23-070224.json
- Plain text: https://secwatch.observer/filing/0001104659-23-070224.txt

## Key facts
- Listing & Compliance Notices
  IDEANOMICS, INC. received a nasdaq deficiency notice notice regarding audit committee (rules 5605).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605
  source text: June 2, 2023, Ideanomics, Inc. (the “Company”) received a letter (the “Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was no longer in compliance with the independent director and audit committee requirements as set forth in Nasdaq Listing Rule 5605, which requires the Audit Committee of the Board of Directors of the Company (the “Audit Committee”) to be comprised of a minimum of three independent directors. As previously reported, on April 29, 2023, the board accepted and received the resignation of Mr. Jerry Fan from the Company’s board and audit committee
  evidence_url: https://www.sec.gov/Archives/edgar/data/837852/000110465923070224/0001104659-23-070224-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.