On June 2, Ideanomics, Received Letter From Nasdaq Indicating Co Was No Longer In Compliance With Independent Director, Audit Committee Requirements
Portfolio Pulse from Benzinga Newsdesk
Ideanomics received a letter from Nasdaq on June 2, indicating that the company is no longer in compliance with independent director and audit committee requirements.
June 12, 2023 | 4:03 pm
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NEGATIVE IMPACT
Ideanomics is no longer in compliance with Nasdaq's independent director and audit committee requirements, which may negatively impact its stock price.
Being out of compliance with Nasdaq's requirements can lead to potential delisting, which would negatively impact the stock price. Investors may lose confidence in the company's governance and sell their shares, causing the stock price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100