Ideanomics Approves Reverse Stock Split At Ratio Of 1-for-125

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Stocktwits
Ideanomics Approves Reverse Stock Split At Ratio Of 1-for-125

(RTTNews) - Ideanomics, Inc. (IDEX) announced Wednesday that its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share at a ratio of 1-for-125. The Reverse Stock Split is expected to become effective on August 25, 2023.

The shares are expected to begin trading on the split-adjusted basis on the Nasdaq under the Company's existing trading symbol "IDEX" at market open on August 25, 2023, upon Nasdaq's approval. The Reverse Stock Split has no effect on the par value of the Company's Common Stock or authorized shares of preferred stock. Immediately after the Reverse Stock Split, each stockholder's percentage ownership interest in the Company and proportional voting power will remain unchanged.

The Reverse Stock Split is primarily being enacted to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).

टैग: IDEX
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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending early losses in mid-market moves on Thursday, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness in gold miners, energy and technology stocks partially offset by gains in iron ore miners.
RTTNews | 18 मिनटों पहले
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain concerned about the fragile ceasefire in the Middle East that appears to hold and shift focus to the looming U.S. tariff pause deadline on July 9. They also turn their focus to the US Fed's plans on interest rates. Asian markets closed mostly higher on Wednesday.
RTTNews | 47 मिनटों पहले
Sensex, Nifty Seen Little Changed At Open

Sensex, Nifty Seen Little Changed At Open

Indian shares look set to open on a flat note Thursday as investors grapple with an uneasy ceasefire in the Middle East and ponder the impact of U.S. tariffs on global trade.
RTTNews | 1घंटे 4 मिनट पहले
Thai Shares May Be Stuck In Neutral On Thursday

Thai Shares May Be Stuck In Neutral On Thursday

The Thai stock market has moved higher in consecutive trading days, gathering almost 35 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,105-point plateau although it may spin its wheels on Thursday.
RTTNews | 1घंटे 40 मिनट पहले
Soft Start Seen For Indonesia Stock Market

Soft Start Seen For Indonesia Stock Market

The Indonesia stock market headed south again on Wednesday, one day after ending the four-day losing streak in which it had dropped more than 370 points or 5 percent. The Jakarta Composite Index now sits just above the 6,830-point plateau and it may extend its losses on Thursday.
RTTNews | 2घंटे 10 मिनट पहले
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Thursday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up to near the 39,300 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers.
RTTNews | 2घंटे 19 मिनट पहले
Hang Seng Index Due For Profit Taking

Hang Seng Index Due For Profit Taking

The Hong Kong stock market has finished higher in four straight sessions, climbing more than 1,230 points or 5.1 percent along the way. The Hang Seng Index now sits just above the 24,470-point plateau although investors figure to lock in gains on Thursday.
RTTNews | 2घंटे 25 मिनट पहले
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has tracked higher in three straight sessions, collecting more than 95 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,455-point plateau although it's due for consolidation on Thursday.
RTTNews | 2घंटे 40 मिनट पहले
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