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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

Exela Technologies不符合納斯達克上市規則 5550(b)(2)通知
美股SEC公告 ·  07/18 20:06

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Exela Technologies, Inc. has reported a series of compliance efforts with NASDAQ's listing rules. On November 13, 2023, the company was notified by NASDAQ of noncompliance with the Market Value of Listed Securities (MVLS) Rule due to its MVLS falling below the $35 million threshold and failing to meet alternative requirements, including the $2.5 million Minimum Equity Requirement. In response, Exela Technologies submitted a compliance plan on July 2, 2024, proposing a spin-off of Exela Technologies BPA, LLC to its shareholders to meet the equity requirement. NASDAQ granted an extension until November 1, 2024, for the company to demonstrate compliance, subject to achieving certain interim milestones. Additionally, Exela Technologies was previously cited for not holding an annual shareholder meeting within the required timeframe but has since rectified this by holding the combined 2023 and 2024 Annual Meeting of Stockholders on June 13, 2024, which brought the company back into compliance with NASDAQ's listing standards.
Exela Technologies, Inc. has reported a series of compliance efforts with NASDAQ's listing rules. On November 13, 2023, the company was notified by NASDAQ of noncompliance with the Market Value of Listed Securities (MVLS) Rule due to its MVLS falling below the $35 million threshold and failing to meet alternative requirements, including the $2.5 million Minimum Equity Requirement. In response, Exela Technologies submitted a compliance plan on July 2, 2024, proposing a spin-off of Exela Technologies BPA, LLC to its shareholders to meet the equity requirement. NASDAQ granted an extension until November 1, 2024, for the company to demonstrate compliance, subject to achieving certain interim milestones. Additionally, Exela Technologies was previously cited for not holding an annual shareholder meeting within the required timeframe but has since rectified this by holding the combined 2023 and 2024 Annual Meeting of Stockholders on June 13, 2024, which brought the company back into compliance with NASDAQ's listing standards.
Exela Technologies公司報告了一系列符合納斯達克上市規則的合規努力。2023年11月13日,公司因市值低於3500萬美元門檻且未能達到替代要求(包括250萬美元最低股本要求),收到了納斯達克違規通知。作爲回應,Exela technologies於2024年7月2日提交了一份合規計劃,提議將Exela technologies BPA,LLC剝離給其股東以滿足股本要求。納斯達克授予公司期限延長,直到2024年11月1日,以展示合規成果,但必須達成一定的中期里程碑。此外,Exela Technologies此前因未在必要的時間範圍內舉行年度股東大會而被指控,但已在2024年6月13日舉行了2023年和2024年股東年度會議,使公司重新符合納斯達克的上市標準。
Exela Technologies公司報告了一系列符合納斯達克上市規則的合規努力。2023年11月13日,公司因市值低於3500萬美元門檻且未能達到替代要求(包括250萬美元最低股本要求),收到了納斯達克違規通知。作爲回應,Exela technologies於2024年7月2日提交了一份合規計劃,提議將Exela technologies BPA,LLC剝離給其股東以滿足股本要求。納斯達克授予公司期限延長,直到2024年11月1日,以展示合規成果,但必須達成一定的中期里程碑。此外,Exela Technologies此前因未在必要的時間範圍內舉行年度股東大會而被指控,但已在2024年6月13日舉行了2023年和2024年股東年度會議,使公司重新符合納斯達克的上市標準。
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