Ideanomics auditor Grassi resigns; going concern and material weaknesses cited

IDEANOMICS, INC.

Grassi & Co. resigned as independent registered accounting firm on January 16, 2025.
Grassi's 2023 audit report included a going-concern qualification due to recurring losses and cash insufficiency.
Company does not expect to issue consolidated financial statements for fiscal year ended December 31, 2024.
Material weaknesses in internal controls were identified, including over revenue recognition, valuation models, and IT general controls.
No disagreements on accounting principles or practices between Ideanomics and Grassi before resignation.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Grassi & Co. CPAs, P.C. resigned as auditor of IDEANOMICS, INC..

Action: resignation
Auditor: Grassi & Co. CPAs, P.C.

Exact text from the filing

(the “Company”, “we”, “us” or “our”) received a letter from Grassi & Co. CPAs, P.C. (“Grassi”), stating that Grassi was resigning from serving as the Company’s independent registered accounting firm.

View on SEC.gov

47 auditor changes filed in the last 30 days. Browse all auditor changes →

Source: SEC EDGAR

accession 0001628280-25-002386

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.