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

RTTNews | 621 gün önce

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).

Etiketler: IDEX

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DAX Extending Recent Gains

DAX Extending Recent Gains

German stocks are up in positive territory on Monday, gaining for a ninth straight session, as investors continue to react to corporate earnings, and monitor developments on the trade front. Markets also await the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.

RTTNews | 21 dakika önce

Tomatoes Supplied By H&C Farms In 14 States Recalled For Salmonella Concern

Tomatoes Supplied By H&C Farms In 14 States Recalled For Salmonella Concern

The U.S. Food and Drug Administration has announced the recalls of Vine Ripe Tomatoes in 14 states, supplied by Hanshaw & Capling or H&C Farms, and repacked and sold by various companies, citing the potential to be contaminated with Salmonella, a bacteria that causes the foodborne illness salmonellosis. Immokalee, Florida -based H&C Farms initiated the recall due to the possible presence...

RTTNews | 31 dakika önce

European Shares Mostly Higher As Investors Look Ahead To Fed, BoE Meetings

European Shares Mostly Higher As Investors Look Ahead To Fed, BoE Meetings

European shares traded mostly higher on Monday as investors awaited new updates on the tariff front and looked ahead to interest rate decisions from the Federal Reserve and the Bank of England, due later this week.

RTTNews | 1s 8 dakika önce

NZ Dollar Advances Against Most Majors

NZ Dollar Advances Against Most Majors

The New Zealand dollar strengthened against most major currencies in the late Asian session on Monday.

RTTNews | 1s 56 dakika önce

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the late Asian session on Monday.

RTTNews | 2s 0 dakika önce

Asian Shares Mixed In Thin Holiday Trade

Asian Shares Mixed In Thin Holiday Trade

Asian stocks ended mixed in thin trade on Monday after U.S. President Donald Trump said he had no plans to talk to his Chinese counterpart this week.

RTTNews | 2s 26 dakika önce

European Shares Poised For Lower Open

European Shares Poised For Lower Open

European stocks may open broadly lower on Monday, with regional volumes likely to remain thin due to a bank holiday in the U.K.

RTTNews | 4s 39 dakika önce

Sensex, Nifty Modestly Higher In Early Trade; Top Banks Decline On Weak Q4 Results

Sensex, Nifty Modestly Higher In Early Trade; Top Banks Decline On Weak Q4 Results

Indian shares were trading higher on Monday as firm cues from global markets helped offset disappointing earnings from the banking sector.

RTTNews | 5s 50 dakika önce

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