Exela Technologies, Inc. has been notified by the Nasdaq Stock Market LLC that its common stock will be delisted due to non-compliance with the Market Value of Listed Securities (MVLS) Rule. The delisting decision was made by the Nasdaq Hearings Panel after the company failed to meet the minimum MVLS requirement of $35 million for 30 consecutive business days, nor did it satisfy alternative requirements. Despite presenting a compliance plan to the Panel, Exela Technologies was unable to regain compliance by the granted extension deadline of November 1, 2024. Trading of the company's securities on Nasdaq will be suspended starting November 8, 2024, and the stock is expected to begin trading on the OTC Markets system under the same symbol 'XELA'. The company has until November 22, 2024, to request a review of the Panel's decision by the Nasdaq Listing and Hearing Review Council.

Exela Technologies, Inc. has been notified by the Nasdaq Stock Market LLC that its common stock will be delisted due to non-compliance with the Market Value of Listed Securities (MVLS) Rule. The delisting decision was made by the Nasdaq Hearings Panel after the company failed to meet the minimum MVLS requirement of $35 million for 30 consecutive business days, nor did it satisfy alternative requirements. Despite presenting a compliance plan to the Panel, Exela Technologies was unable to regain compliance by the granted extension deadline of November 1, 2024. Trading of the company's securities on Nasdaq will be suspended starting November 8, 2024, and the stock is expected to begin trading on the OTC Markets system under the same symbol 'XELA'. The company has until November 22, 2024, to request a review of the Panel's decision by the Nasdaq Listing and Hearing Review Council.