secwatch.observer — SEC 8-K summary
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Issuer:     Exela Technologies, Inc. (—)
CIK:        0001620179
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0001104659-23-001712
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620179/000110465923001712/0001104659-23-001712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620179/000110465923001712/tm232434d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-001712

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