Exela Technologies has regained compliance with Nasdaq listing standards following its combined 2023 and 2024 Annual Meeting held on June 13, 2024. The company received confirmation from Nasdaq on June 20, 2024, resolving its previous non-compliance status related to annual shareholder meeting requirements.Separately, Nasdaq has granted Exela an extension until November 1, 2024, to meet the $2.5 million minimum stockholders' equity requirement. The extension is contingent upon meeting specific milestones. The company's compliance plan centers on the proposed spin-off of Exela Technologies BPA, LLC to shareholders, which is expected to boost stockholders' equity above the required threshold.The company continues to address its Market Value of Listed Securities (MVLS) compliance issue, first noted in November 2023, when it fell below the $35 million minimum requirement. Through the BPA spin-off strategy, Exela aims to satisfy Nasdaq's continued listing requirements.

Exela Technologies has regained compliance with Nasdaq listing standards following its combined 2023 and 2024 Annual Meeting held on June 13, 2024. The company received confirmation from Nasdaq on June 20, 2024, resolving its previous non-compliance status related to annual shareholder meeting requirements.Separately, Nasdaq has granted Exela an extension until November 1, 2024, to meet the $2.5 million minimum stockholders' equity requirement. The extension is contingent upon meeting specific milestones. The company's compliance plan centers on the proposed spin-off of Exela Technologies BPA, LLC to shareholders, which is expected to boost stockholders' equity above the required threshold.The company continues to address its Market Value of Listed Securities (MVLS) compliance issue, first noted in November 2023, when it fell below the $35 million minimum requirement. Through the BPA spin-off strategy, Exela aims to satisfy Nasdaq's continued listing requirements.