share_log

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 ·  07/18 08:06
Moomoo AI 已提取核心信息
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公司报告了一系列符合纳斯达克上市规则的合规努力。2023年11月13日,公司因市值低于3500万美元门槛且未能达到替代要求(包括250万美元最低股本要求),收到了纳斯达克违规通知。作为回应,Exela technologies于2024年7月2日提交了一份合规计划,提议将Exela technologies BPA,LLC剥离给其股东以满足股本要求。纳斯达克授予公司期限延长,直到2024年11月1日,以展示合规成果,但必须达成一定的中期里程碑。此外,Exela Technologies此前因未在必要的时间范围内举行年度股东大会而被指控,但已在2024年6月13日举行了2023年和2024年股东年度会议,使公司重新符合纳斯达克的上市标准。
Exela Technologies公司报告了一系列符合纳斯达克上市规则的合规努力。2023年11月13日,公司因市值低于3500万美元门槛且未能达到替代要求(包括250万美元最低股本要求),收到了纳斯达克违规通知。作为回应,Exela technologies于2024年7月2日提交了一份合规计划,提议将Exela technologies BPA,LLC剥离给其股东以满足股本要求。纳斯达克授予公司期限延长,直到2024年11月1日,以展示合规成果,但必须达成一定的中期里程碑。此外,Exela Technologies此前因未在必要的时间范围内举行年度股东大会而被指控,但已在2024年6月13日举行了2023年和2024年股东年度会议,使公司重新符合纳斯达克的上市标准。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息