Ideanomics, Inc. (IDEX)

Since April 2024, IDEX Corporation IEX has been in steady decline, sliding from the $244 region to the current $165 levels. While such a move may appear to be a routine correction, under the lens of the Adhishthana Framework, the structure suggests something deeper: IDEX may already be traversing the descent leg of its Himalayan Formation, a phase that could ultimately drag the stock back toward the $110–115 zone.

Global electric car sales Sept. 2024 up 31% YoY to ~20% share. China sales up 51% to 53% share. Europe up 6% to 26% share. USA down 13.7% to 10.49%. EV market news - Trump to propose making car loan interest fully tax-deductible. Several of Europe's biggest carmakers unveiled low-cost EVs at the Paris Motor Show. EV company news - Tesla launches Cybercab & Robovan AVs. BYD surpasses Tesla in quarterly revenue for the first time. Volkswagen hit by 60% fall in profits.

Washington, D.C.--(Newsfile Corp. - August 9, 2024) - The Securities and Exchange Commission today announced settled fraud charges against Ideanomics, Inc., formerly known as Seven Stars Cloud Group, Inc., and its former Chairman and CEO, Zheng (Bruno) Wu, for misleading the public about the company's financial performance between 2017 and 2019.

The U.S. Securities and Exchange Commission said on Friday that it settled fraud charges against Ideanomics Inc., its CEO and two former executives for misleading financial reporting and disclosure practices between 2017 and 2019.

Global electric car sales June 2024 up 15% YoY to 22% share. China sales up 23% to 49.9% share. Europe down 5% to 22% share. USA down 3.8% to 9.10%. EV market news - EU puts tariffs on China EVs. China doubles cash subsidies to replace ICE cars. U.S. EV sales reach new record in Q2 2024, up 11.3% YoY. EV company news - Tesla delays robotaxi event to October. JPMorgan hikes BYD's PT by more than 80% on outlook (to HKD 475). Volvo June electric car sales up 41%.

New York, NY, July 02, 2024 (GLOBE NEWSWIRE) -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced that on June 26, 2024, the Company received a notice from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company's Form 10-K for the fiscal year ended December 31, 2023, reported stockholders' equity of less than the required minimum of $2,500,000 in stockholders' equity for continued listing, and as of that day, the Company did not meet the alternatives of market value of listed securities or net income from continuing operations, the Company no longer complied with Listing Rule 5550(b)(1). Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market.  The Nasdaq Hearings Panel (the “Panel”) will consider this matter in their decision regarding the Company's continued listing on The Nasdaq Capital Market and the Company must present its views with respect to this additional deficiency to the Panel in writing no later than July 3, 2024.  The Company is working diligently to regain compliance and will provide an update once more information is available.

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NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), a global company focused on accelerating the commercial adoption of electric vehicles, announced today its fourth quarter and full year 2023 operating results for the period ended December 31, 2023.

New York, May 24, 2024 (GLOBE NEWSWIRE) -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced that on May 21, 2024, the Company received a notice (the "10-Q Notice") from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Form 10-Q for the period ended March 31, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rules for continued listing.

MODENA, Italy / Boston, MA, May 23, 2024 (GLOBE NEWSWIRE) -- Energica Motor Company, (a majority-owned subsidiary of Ideanomics (NASDAQ: IDEX) a leader in high-performance electric motorcycles and EV system integration, and Electra, an industry leader in applied AI-ML for battery management software solutions, are excited to announce a strategic R&D partnership to revolutionize the electric two-wheeler market.

MODENA, Italy & BOSTON--(BUSINESS WIRE)--Energica Motor Company (a majority-owned subsidiary of Ideanomics (NASDAQ: IDEX)) leader in high-performing electric motorcycles and EV system integration, and Electra Vehicles Inc., an industry leader in applied AI-ML for battery management software solutions, are excited to announce a strategic R&D partnership to revolutionize the electric two-wheeler market. This collaboration will leverage Electra's AI-powered technology to enhance battery perfor.

New York, April 26, 2024 (GLOBE NEWSWIRE) -- NEW YORK, NY April 26, 2024 / Ideanomics (NASDAQ:IDEX) ("Ideanomics" or the "Company") today announced that on April 22, 2024, the Company received a notice from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that it has not paid certain fees required by Listing Rule 5250(f) and the Company was not in compliance with Nasdaq Listing Rules for continued listing. The company subsequently paid the fees and satisfied this requirement.

New York, April 24, 2024 (GLOBE NEWSWIRE) -- NEW YORK, NY, April 24, 2024 / Ideanomics (NASDAQ:IDEX) ("Ideanomics" or the "Company") today announced that on April 19, 2024, the Company received a notice (the "10-K Notice") from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company had not yet filed its Form 10-K for the period ended December 30, 2023 (the "Form 10-K"), the Company is not in compliance with Nasdaq Listing Rules for continued listing.   The Company is working diligently to regain compliance and will provide an update once more information is available.

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Ideanomics' Electric Tractor Subsidiary Will Leverage Success To Date In Its Direct-To-Customer Business By Expanding The DTC Strategy and Partnering with a Curated Dealer Network in Key Markets Ideanomics' Electric Tractor Subsidiary Will Leverage Success To Date In Its Direct-To-Customer Business By Expanding The DTC Strategy and Partnering with a Curated Dealer Network in Key Markets

New York, March 25, 2024 (GLOBE NEWSWIRE) -- NEW YORK, March 25, 2024 - Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces that the conference call to discuss its fourth quarter and full year 2023 financial results on Monday, April 1, 2024, at 4:30pm ET.