Delisting Determination, The Nasdaq Stock Market, LLC, September 6, 2024.
Ideanomics, Inc.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove
from listing the securities of Ideanomics, Inc., effective at the opening
of the trading session on September 16, 2024.
Based on review of information provided by the Company, Nasdaq Staff
determined that the Company no longer qualified for listing on the
Exchange pursuant to Listing Rules 5250(c)(1).
The Company was notified of the Staff determination on April 19, 2024.
On April 23, 2024, the Company received an additional delist
determination pursuant to Listing Rule 5250(f).
On April 26, 2024, the Company exercised its right to appeal
the Staff determination to the Listing Qualifications Hearings Panel
(Panel) pursuant to Listing Rule 5815.
On May 21, 2024, the Company received an additional delist
determination pursuant to Listing Rule 5250(c)(1).
On June 24, 2024, upon review of the information provided by the
Company, the Panel determined to grant the Company request to remain
listed in the Exchange subject to a series of milestones.
On June 26, 2024, the Company received an additional delist
determination pursuant to Listing Rule 5550(b)(1).
On July 9, 2024, based on the Company failure to meet the terms
of the amended Decision, the Panel determined to delist the Company.
The Company securities were suspended on July 11, 2024.
The Company did not appeal the delist decision to the Nasdaq Listing
and Hearing Review Council (Council) and the Council did not call
the matter for review. The Staff determination to delist the Company
became final on August 23, 2024.