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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 ·  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日舉行的2023和2024年年度股東會議後恢復了與納斯達克上市標準的合規性。該公司於2024年6月20日收到了納斯達克的確認,解決了與年度股東會議要求相關的先前不合規狀態。另外,納斯達克已授予Exela直到2024年11月1日的延長時間,以滿足250萬美元的最低股東權益要求。該延長基於滿足特定里程碑。公司的合規計劃專注於擬議的將Exela Technologies BPA, LLC分拆給股東,這預計將推動股東權益超過所需的閾值。該公司繼續解決其上市證券市場價值(MVLS)合規問題,該問題在2023年11月首次被指出,當時其低於3500萬美元的最低要求。通過BPA分拆策略,Exela旨在滿足納斯達克的持續上市要求。
Exela Technologies在2024年6月13日舉行的2023和2024年年度股東會議後恢復了與納斯達克上市標準的合規性。該公司於2024年6月20日收到了納斯達克的確認,解決了與年度股東會議要求相關的先前不合規狀態。另外,納斯達克已授予Exela直到2024年11月1日的延長時間,以滿足250萬美元的最低股東權益要求。該延長基於滿足特定里程碑。公司的合規計劃專注於擬議的將Exela Technologies BPA, LLC分拆給股東,這預計將推動股東權益超過所需的閾值。該公司繼續解決其上市證券市場價值(MVLS)合規問題,該問題在2023年11月首次被指出,當時其低於3500萬美元的最低要求。通過BPA分拆策略,Exela旨在滿足納斯達克的持續上市要求。
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