Ideanomics (IDEX) News & Sentiment

Washington, D.C.--(Newsfile Corp. - August 9, 2024) - The Securities and Exchange Commission today announced settled fraud charges against Ideanomics, Inc., formerly known as Seven Stars Cloud Group, Inc., and its former Chairman and CEO, Zheng (Bruno) Wu, for misleading the public about the company's financial performance between 2017 and 2019.

The U.S. Securities and Exchange Commission said on Friday that it settled fraud charges against Ideanomics Inc., its CEO and two former executives for misleading financial reporting and disclosure practices between 2017 and 2019.

New York, NY, July 02, 2024 (GLOBE NEWSWIRE) -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced that on June 26, 2024, the Company received a notice from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company's Form 10-K for the fiscal year ended December 31, 2023, reported stockholders' equity of less than the required minimum of $2,500,000 in stockholders' equity for continued listing, and as of that day, the Company did not meet the alternatives of market value of listed securities or net income from continuing operations, the Company no longer complied with Listing Rule 5550(b)(1). Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market.  The Nasdaq Hearings Panel (the “Panel”) will consider this matter in their decision regarding the Company's continued listing on The Nasdaq Capital Market and the Company must present its views with respect to this additional deficiency to the Panel in writing no later than July 3, 2024.  The Company is working diligently to regain compliance and will provide an update once more information is available.

NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), a global company focused on accelerating the commercial adoption of electric vehicles, announced today its fourth quarter and full year 2023 operating results for the period ended December 31, 2023.

New York, May 24, 2024 (GLOBE NEWSWIRE) -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced that on May 21, 2024, the Company received a notice (the "10-Q Notice") from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Form 10-Q for the period ended March 31, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rules for continued listing.

Ideanomics, Inc. (NASDAQ:IDEX ) Q2 2023 Earnings Conference Call August 25, 2023 4:30 PM ET Company Participants Tony Sklar - SVP, IR Alf Poor - CEO Scott Morrison - CFO Robin Mackie - COO Conference Call Participants Operator Welcome, everyone to the Ideanomics Second Quarter Earnings Conference Call. Joining me today, I am pleased to have Mr.

Electric vehicle (EV) startup Ideanomics (NASDAQ: IDEX ) has undergone a 1-for-125 reverse stock split today. Consequently, IDEX stock is trending on social media, while the shares' real value is sinking 11% after tumbling 10% yesterday.

Ideanomics (NASDAQ: IDEX ) is down a brutal 25% today on news that the struggling electric vehicle (EV) company will initiate a 1-for-125 reverse stock split as part of an effort to avoid delisting. Indeed, IDEX stock currently trades for a little less than 4 cents per share, well below Nasdaq's $1 minimum bid price.

NEW YORK, Aug. 22, 2023 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") will release its 2023 second-quarter financial results on Friday, August 25, 2023 at approximately 4:05 p.m. ET, followed by a prerecorded conference call at 4:30 p.m.