SEC Comment Letter 0000000000-23-000540 to IDEANOMICS, INC. (CIK 0000837852) (IDEXQ)
IDEANOMICS, INC. (CIK 0000837852)
Date: Jan. 19, 2023 · CIK: 0000837852 · Accession: 0000000000-23-000540
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-269001
Letter
United States securities and exchange commission logo January 19, 2023 Alfred Poor Chief Executive Officer IDEANOMICS, INC. 1441 Broadway, Suite 5116 New York, NY 10018 Re:Ideanomics, Inc. Registration Statement on Form S-1 Filed December 23, 2022 File No. 333-269001 Dear Alfred Poor: We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Registration Statement on Form S-1 Filed 12/23/2022 Cover Page 1.Please disclose that you have received a notice from Nasdaq indicating that the company was no longer in compliance with the audit committee requirements as set forth in Nasdaq Listing Rule 5605. Please provide an update on the status of this notice. Please also disclose the status of the notice of non-compliance with the Nasdaq requirements pertaining to the minimum bid price for listed stock pursuant to Nasdaq Listing Rule 5550(a)(2). Please also add risk factor disclosure related to potential delisting from the exchange.
FirstName LastNameAlfred Poor Comapany NameIDEANOMICS, INC. January 19, 2023 Page 2 FirstName LastName Alfred Poor IDEANOMICS, INC. January 19, 2023 Page 2 Status of Previously Announced Acquisitions, page 67 2.Please update disclosure regarding the VIA Motors transaction to accurately reflect the current status of the transaction. Executive Compensation, page 94 3.Please update disclosure to include compensation information for the year ended December 31, 2022. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Eranga Dias at 202-551-8107 or Asia Timmons-Pierce at 202-551- 3754 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing
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United States securities and exchange commission logo
January 19, 2023
Alfred Poor
Chief Executive Officer
IDEANOMICS, INC.
1441 Broadway, Suite 5116
New York, NY 10018
Re:Ideanomics, Inc.
Registration Statement on Form S-1
Filed December 23, 2022
File No. 333-269001
Dear Alfred Poor:
We have limited our review of your registration statement to those issues we have
addressed in our comments. In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form S-1 Filed 12/23/2022
Cover Page
1.Please disclose that you have received a notice from Nasdaq indicating that the company
was no longer in compliance with the audit committee requirements as set forth in Nasdaq
Listing Rule 5605. Please provide an update on the status of this notice. Please also
disclose the status of the notice of non-compliance with the Nasdaq requirements
pertaining to the minimum bid price for listed stock pursuant to Nasdaq Listing Rule
5550(a)(2). Please also add risk factor disclosure related to potential delisting from the
exchange.
FirstName LastNameAlfred Poor
Comapany NameIDEANOMICS, INC.
January 19, 2023 Page 2
FirstName LastName
Alfred Poor
IDEANOMICS, INC.
January 19, 2023
Page 2
Status of Previously Announced Acquisitions, page 67
2.Please update disclosure regarding the VIA Motors transaction to accurately reflect the
current status of the transaction.
Executive Compensation, page 94
3.Please update disclosure to include compensation information for the year ended
December 31, 2022.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
Please contact Eranga Dias at 202-551-8107 or Asia Timmons-Pierce at 202-551-
3754 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing