what I find is most important in IDEX last 8K filing is; The Company is diligently working to file the Periodic Reports with the SEC by September 12, 2022,
IMO, we will see IDEX gain full SEC compliance before Sept. 12 OR management has failed to do their jobs. If IDEX gains full SEC compliant we will see IDEX over $1.00 fast.
Item 8.01. Other Events.
On July 25, 2022, the Company received formal notice that the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) had granted the Company’s request for continued listing on Nasdaq pursuant to an extension through September 12, 2022 to evidence full compliance with Nasdaq’s filing requirement, as set forth in Nasdaq Listing Rule 5250(c)(1). Pursuant to the terms of the Staff’s determination, on or before September 12, 2022, the Company must file with the SEC the Annual Report on Form 10-K for the fiscal year ended December 31, 2021, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, which in the normal course must be filed with the SEC by August 14, 2022 (collectively, the “Periodic Reports”).
The Company is diligently working to file the Periodic Reports with the SEC by September 12, 2022, in accordance with the terms of the Staff’s decision; however, there can be no assurance the Company will be able to do so. In the event the Company does not evidence full compliance with Nasdaq’s filing requirement by September 12, 2022, the Staff will issue a delist determination, which the Company will have the right to appeal to a Nasdaq Hearings Panel (the “Panel”). The Company’s request for a hearing would stay any further action by the Staff at least pending a hearing, the subsequent issuance of a decision by the Panel, and the expiration of any additional extension the Panel may grant to the Company.
