---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-001712"
form_type: "8-K"
ticker: null
cik: "0001620179"
company_name: "Exela Technologies, Inc."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:50:25.868592+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Exela Technologies receives Nasdaq delisting notice; stock bid below $0.10 for 11 consecutive days

## Summary
- Jan 5, 2023: Nasdaq notified Exela securities had closing bid price <=$0.10 for 11 consecutive days, triggering delisting.
- Previous non-compliance notice on Oct 12, 2022 for minimum bid price of $1; compliance period extended to Apr 10, 2023.
- Exela intends to request a hearing by Jan 12, 2023 to appeal; hearing would stay delisting pending Panel decision.
- Hearing requested by Jan 12 stays delisting pending decision, but no assurance of extension or favorable outcome; affects XELA and XELAP.

## SEC filing metadata
- accession: 0001104659-23-001712
- form_type: 8-K
- cik: 0001620179
- company_name: Exela Technologies, Inc.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620179/000110465923001712/0001104659-23-001712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620179/000110465923001712/tm232434d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-001712
- JSON: https://secwatch.observer/filing/0001104659-23-001712.json
- Plain text: https://secwatch.observer/filing/0001104659-23-001712.txt

## Key facts
- Listing & Compliance Notices
  Exela Technologies, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)
  source text: January 5, 2023, the Company received notice from the Staff that the Staff had determined that as of January 4, 2023, the Company’s securities had a closing bid price of $0.10 or less for eleven consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A) a Company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security. As a resul
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620179/000110465923001712/0001104659-23-001712-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.