Ideanomics receives nasdaq extension to comply with bid price rule and secures additional funding to increase ev and charging sales in the united states and europe

New york , nov. 18, 2022 /prnewswire/ -- ideanomics (nasdaq: idex), a global company focused on accelerating the commercial adoption of electric vehicles (ev), today announces that it has received notification from the nasdaq stock market llc ("nasdaq") confirming the company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement under listing rule 5550(a)(2) (the "bid price rule") through may 15, 2023.   in keeping with the commitments made during our third quarter investor call, ideanomics also announces that it has secured $20 million in additional funding, and a potential follow-on of an additional $20 million, the details of which will be filed under form 8-k.
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