2023-08-23 07:13:20 ET
- Ideanomics ( NASDAQ: IDEX ) Wednesday said 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, and the shares are expected to begin trading on the split-adjusted basis on the Nasdaq under the company's existing trading symbol "IDEX".
- 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.
- IDEX -5.28% premarket to $0.0502
- Source: Press Release
For further details see:
Ideanomics announces reverse stock split