Ideanomics Inc (IDEX)

[InPhekTed]

If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with
the applicable requirements. If a company is unable to resolve its bid price deficiency during the applicable compliance period, Nasdaq Staff will issue a delisting letter.

At that time, the company may request a hearing before a Hearing Panel, which will stay the delisting. The company will have the opportunity to present its plan to regain compliance to the Panel. This plan of compliance should include the implementation of a reverse stock split in the near term. In appropriate cases, and so long as a company commits to implementation of a
reverse split within 180 days of the delisting notification, Panels may also consider other factors, such as the company's fundamental
financial strengths and weaknesses, the overall market conditions, the company's historical bid price, and impending disclosures,
corporate actions and strategic business plans that the company believes may impact its bid price.