Exela Technologies, Inc.: Nasdaq/NYSE listing notice — Exela receives Nasdaq delinquency notices for late 10-Q filing and MVLS non-compliance

Exela Technologies, Inc.

Received additional delinquency notice on Nov 13 for failure to timely file Q3 2023 10-Q; compliance deadline extended to Feb 5, 2024.
Also received MVLS notice: market value of listed securities below $35M minimum for 30 consecutive business days; must regain by May 13, 2024.
Company must submit updated plan to Nasdaq by Nov 27, 2023; anticipates filing Q2 10-Q by Nov 27 and Q3 10-Q soon after.
No immediate impact on listing/trading, but failure to regain compliance could lead to delisting.
These are additional to prior delinquency for Q2 2023 10-Q (disclosed Aug 2023).

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Exela Technologies, Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

. If the Company fails to file the Periodic Reports with the Commission by February 5, 2024, Nasdaq will provide a written notification to the Company that its securities will be delisted. At that time, the Company may appeal the Nasdaq staff’s determination to a Hearings Panel under Nasdaq Listing Rule 5815. MVLS Notice On November 13, 2023, the Company also received an anticipated notice (the “ MVLS Notice ”) from Nasdaq notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(2) (the “ MVLS Rule ”) because, for the last 30 consecutive business days, the Company’s

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Source: SEC EDGAR

accession 0001104659-23-119586

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