Neonode Inc. Joins Small-Cap Russell 2000 Index, Boosting Investor Presence

Neonode Set to Join the Russell 2000® Index

Neonode Inc. (NASDAQ: NEON) is making waves in the investment landscape as it gears up to join the esteemed Russell 2000 Index on June 30, 2025. This significant move comes as part of the annual reconstitution of the Russell indexes, marking a pivotal moment in the company's growth trajectory. Neonode, renowned for its cutting-edge touch technology and optical sensing solutions, first made its debut on the NASDAQ exchange in 2012, and this latest development is a testament to its evolving stature in the market.

The Russell 2000 Index is an essential benchmark for small-cap U.S. stocks, and Neonode's inclusion is expected to enhance its visibility, particularly among institutional investors. Membership in this index is not just symbolic; it offers a year-long pathway to greater exposure, as it positions the company alongside other emerging players within the market. The process for inclusion is meticulous, relying on objective criteria such as market capitalization and style attributes, and Neonode's successful entry underscores its robust market performance.

Reflecting on this development, Daniel Alexus, President and CEO of Neonode, expressed excitement about the opportunities that lie ahead. He stated, "Our inclusion in the Russell 2000 Index is an encouraging milestone for Neonode as we position ourselves for future success. We welcome the enhanced visibility it gives us within the investor community and look forward to sharing our progress as we continue our journey toward innovation leadership and sustainable business growth."

Furthermore, Neonode's stocks will automatically be featured in growth and value indexes, indicating a comprehensive investment appeal. As the index landscape evolves, the Russell indexes play a crucial role in supporting investment managers and institutional investors with reliable benchmarks for their strategies. This year alone, assets totaling around $10.6 trillion are reported to be benchmarked against these indexes, showcasing their significance in the financial ecosystem.

FTSE Russell, the index provider responsible for the Russell indexes, is committed to adapting to the dynamic nature of the U.S. economy. Fiona Bassett, CEO of FTSE Russell, remarked on the necessity of ensuring that the Russell US Indexes accurately represent the marketplace, especially as it transitions to a semi-annual reconstitution frequency starting in 2026. This move aims to sustain the indexes’ relevance and reliability as portfolio benchmarks, benefitting all stakeholders involved.

As Neonode prepares for this transformative phase, industry experts and investors alike will be watching keenly to assess the company's performance and innovation initiatives. The heightened awareness surrounding its products and services could potentially drive significant interest and investment, paving the way for future growth.

For anyone keen to keep track of developments with Neonode and its journey on the Russell 2000 Index, the FTSE Russell website features additional resources and details regarding the reconstitution of the indexes. In a rapidly changing market, Neonode's commitment to tapping into advanced technologies for regulated industries positions it as a company to watch.

In summary, Neonode's induction into the Russell 2000 Index as of June 30, 2025, represents not just a new chapter for the company but also opens up avenues for enhancing its market presence. This strategic move is anticipated to play a crucial role in solidifying Neonode's stature as a leader in touch technology and optical sensing solutions moving forward.