Exela Technologies (XELA) Announces 1-for-20 Reverse Stock Split
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Exela Technologies Announces 1 for 20 Reverse Stock Split
July 25, 2022 5:00 PM EDTIRVING, Texas, July 25, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or Company) (NASDAQ: XELA), a location-agnostic global business process automation (BPA) leader, announced that its Board of Directors has approved a 1-for-20 reverse stock split of the Companys common stock, which will be effective at 5:00 p.m. Eastern Time on Monday, July 25, 2022. Exelas Board of Directors approved the split and determined the 1-for-20 ratio to be appropriate to meet Exelas goals of improving the marketability and liquidity of its common stock, compliance with Nasdaq listing requirements and allowing the Companys management team... More
