Ideanomics Announces Received Notice from Nasdaq Regarding Listing Rule 5250(f)

NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) — New York, NY, April 26, 2024 / Ideanomics (NASDAQ: IDEX (NYSE:)) (“Ideanomics” or the “Company”) today announced that on April 26, 2024 On March 22, the Company received a notice from the staff of the Nasdaq Listing Qualifications Department (“Staff”) of The Nasdaq Stock Market, LLC (“Nasdaq”) that it had not yet paid Listing Rule 5250( f) and certain fees under the Listing Rules. The company subsequently paid the fee and complied with the request.

About ideal economics

Ideanomics (NASDAQ: IDEX) is a global group with a simple mission: accelerate the commercial adoption of electric vehicles. By combining vehicle and charging technology with design, implementation and financial services, we provide the business community with solutions to enable an electric vehicle future. To stay up to date with the latest news from Ideanomics, follow the company on social media @ideanomicshq or visit:

Safe Harbor Statement

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Includes statements regarding the expected timing of filing the Form 10-K, the Company's ability to regain compliance with Nasdaq's continued listing requirements, and related matters. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions that involve known and unknown risks and uncertainties. Any forward-looking statements contained herein are based on current expectations but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to, the Company's failure to File Form 10-K on an anticipated schedule and submit other risk factors discussed from time to time in the Company's filings with the SEC. These and other factors are identified and described in more detail in the Company's filings with the SEC, including, but not limited to, the Company's most recent Form 10-K and Form 10-Q. The Company expressly disclaims any intention or obligation to update these forward-looking statements, except as required by law.

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Conceptual Economics, Inc.

Tony Sklar, Senior Vice President, Investor Relations

1441 Broadway, Suite 5116, New York, NY 10018

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