Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, announced that its board of directors has approved a reverse stock split of its common stock; the approval was for par value $0.001 per share at a ratio of 1-for-125. The company anticipates that the reverse stock split will be effective on Aug. 25, 2023, with shares trading on the split-adjusted basis on the NASDAQ exchange at market open; shares will trade under the company’s existing trading symbol: IDEX. According to the announcement, the reverse stock split is “primarily being enacted to regain compliance with the $1 minimum bid price required for continued listing on the NASDAQ Capital Market.”
To view the full press release, visit https://ibn.fm/mRwW0
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, the company provides the completeness of solutions needed for the commercial world to commit to an EV future. For more information about the company, please visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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