Exela Technologies (XELA) Cancels Vote on Reverse Split
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Exela Technologies Cancels Vote on Reverse Split
April 11, 2022 8:15 AM EDTSpecial meeting of stockholders scheduled for May 3, 2022 canceled
IRVING, Texas, April 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (NASDAQ: XELA) today announced that it will not proceed with the vote scheduled for May 3, 2022 seeking approval to effect a reverse stock split. The Special Meeting of Stockholders scheduled for that date has been canceled.
The Company believes continued listing on Nasdaq is important for our shareholders, employees and customers. Accordingly, Exela may revisit the need to seek a reverse stock split based on the requirement to regain compliance with the listing standard by August 8,... More
