Financial technology company Ideanomics is the product of a 2004 reverse merger onto the NASDAQ. Following a sudden 750% share price rise in June 2020, short-sellers J-Capital and Hindenburg Research accused the company of being involved in a series of pump and dumps. The short-sellers thought the company's latest venture into the Chinese electric vehicle market represented securities fraud given alleged false statements about customers and facilities. The report failed to prompt any major auditor or director resignations and, as such, the fraud allegations were not proven. However, share price performance has been highly volatile. At the time of writing, the company had been unable to submit its financial statements for FY21 owing to an apparent change in reporting standards. 

Last updated July 2022.

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