Ideanomics Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
Ideanomics (NASDAQ:IDEX) received a notice from Nasdaq on November 17, 2023, for not filing its Q3 Form 10-Q on time, violating Nasdaq's Listing Rules. The company filed the required report on November 21, 2023, and regained compliance with Nasdaq's requirements the following day, closing the matter.
November 27, 2023 | 4:54 am
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POSITIVE IMPACT
Ideanomics filed its overdue Q3 Form 10-Q, regaining compliance with Nasdaq and closing the non-compliance issue.
Filing the overdue Form 10-Q and regaining compliance is likely to have a positive impact on Ideanomics' stock in the short term as it removes the immediate risk of delisting and restores investor confidence. However, the impact may be moderate as the market may have already anticipated the resolution of this administrative issue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100