Ideanomics Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
$IDEX
Auto Manufacturing
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 10, 2024
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On July 9, 2024, the Company was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that as a result of the Company’s previously disclosed noncompliance with Nasdaq Listing Rules 5550(a)(2) and 5550(b)(2), Nasdaq has determined to delist the Company’s common stock from The Nasdaq Capital Market and, accordingly, will suspend trading in the Company’s common stock on Nasdaq effective at the open of business on Thursday, July 11, 2024. Nasdaq further indicated that it will file a Form 25 Notification of Delisting with the United States Securities and Exchange Commission once all Nasdaq review and appeal periods have run.
The Company will apply to have its common stock and warrants quoted on the OTC Markets’ OTCQX® market tier, an electronic quotation service operated by OTC Markets Group Inc. for eligible securities traded over-the-counter. Pending approval, the Company expects that its common stock will be eligible to trade on the OTC Markets’ Pink Current Information tier at the open of business on Thursday, July 11, 2024, under its current trading symbol “IDEX”. The transition to the quotation of the Company’s common stock on the OTC Markets will have no effect on the Company’s business or operations. The Company will continue to file periodic and other required reports with the SEC under applicable federal securities laws that will be available on the SEC’s website at www.SEC.gov.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IDEANOMICS, INC. | ||||||||
| By: | /s/ Alfred P. Poor | |||||||
| Date: July 10, 2024 | Name: Alfred P. Poor | |||||||
| Title: Chief Executive Officer | ||||||||