Exela Technologies (XELA) Announces 1-for-200 Reverse Split
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Exela Technologies Announces Reverse Split
May 12, 2023 2:00 PM EDTIRVING, Texas, May 12, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA, XELAP), a global business process automation (BPA) leader, announced that its Board of Directors has approved a 1-for-200 reverse stock split of the Companys common stock, which will be effective at 5:00 p.m. Eastern Time on Friday, May 12, 2023.
The amendment to the Companys certificate of incorporation allowing for the reverse split was approved by the Companys stockholders at the Special Meeting held May 11, 2023. As a result of the reverse split, each two hundred shares of the Companys issued and... More
