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8-K: Exela Technologies Not Comply with NASDAQ Listing Rule 5550(b)(2) Notice

8-K: Exela Technologies Not Comply with NASDAQ Listing Rule 5550(b)(2) Notice

8-K:Exela Technologies不符合纳斯达克上市规则 5550(b)(2)通知
美股SEC公告 ·  2024/07/18 20:06

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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.
Exela Technologies在2024年6月13日举行的2023年和2024年年度股东大会后,已恢复与纳斯达克上市标准的合规性。该公司于2024年6月20日收到纳斯达克的确认,解决了与年度股东大会要求相关的先前不合规状态。另外,纳斯达克已给予Exela一个延长时间,直到2024年11月1日,以满足250万美元的最低股东权益要求。该延长是以达到特定里程碑为条件。公司的合规计划重点是拟将Exela Technologies BPA, LLC拆分给股东,这预计将推动股东权益超过所需门槛。该公司继续解决其上市证券市场价值(MVLS)合规问题,该问题在2023年11月首次被指出,当时其低于3500万美元的最低要求。通过BPA拆分策略,Exela旨在满足纳斯达克的持续上市要求。
Exela Technologies在2024年6月13日举行的2023年和2024年年度股东大会后,已恢复与纳斯达克上市标准的合规性。该公司于2024年6月20日收到纳斯达克的确认,解决了与年度股东大会要求相关的先前不合规状态。另外,纳斯达克已给予Exela一个延长时间,直到2024年11月1日,以满足250万美元的最低股东权益要求。该延长是以达到特定里程碑为条件。公司的合规计划重点是拟将Exela Technologies BPA, LLC拆分给股东,这预计将推动股东权益超过所需门槛。该公司继续解决其上市证券市场价值(MVLS)合规问题,该问题在2023年11月首次被指出,当时其低于3500万美元的最低要求。通过BPA拆分策略,Exela旨在满足纳斯达克的持续上市要求。
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