Brief: Exela Technologies Says On Mar 14, Received Decision From Nasdaq Stating Panel Had Granted Co Exception To Nasdaq Listing Rule 5550(A)(2) Until May 19

Exela Technologies

17/03/2023 13:23

March 17 (Reuters) - Exela Technologies Inc  XELA.O :
    * EXELA TECHNOLOGIES - ON MARCH 14, RECEIVED DECISION FROM
NASDAQ
STATING PANEL HAD GRANTED CO EXCEPTION TO NASDAQ LISTING RULE
5550(A)(2) UNTIL MAY 19
    * EXELA TECHNOLOGIES INC - EXPECTS THAT EXCEPTION GRANTED BY
NASDAQ WILL MAINTAIN TRADING OF CO'S SECURITIES ON NASDAQ UNTIL
AT LEAST MAY 19
    * EXELA TECHNOLOGIES INC - PLANS TO HOLD A SPECIAL MEETING
OF
SHAREHOLDERS ON MAY 4, 2023, TO OBTAIN APPROVAL FOR A REVERSE
STOCK SPLIT
    * EXELA TECHNOLOGIES INC - ANTICIPATES REGAINING COMPLIANCE
WITH
RULE ON MAY 19, 2023

Further company coverage:  XELA.O 

 ((Reuters.Briefs@thomsonreuters.com;))