Exela Technologies sinks after 1-for-200 reverse stock split

Exela Technologies

15/05/2023 19:58

** Business process automation company Exela Technologies   
 XELA.O  plunges 39% to $3.05 after reverse stock split
    ** XELA board approves 1-for-200 reverse stock split of
common stock, co reports after market close on Friday
 urn:newsml:reuters.com:*:nGNXRLcv9
    ** XELA hits record low on reverse-split adjusted basis;
stock on Friday closed at 25 cents or $5.00 on split-adjusted
basis  
    ** XELA set for biggest one-day percentage loss since August
2019
    ** Shares down 81.15% YTD

 (Reporting by Vedant Vinayak Vichare in Bengaluru)
 ((vedant.vinayakvichare@thomsonreuters.com))