regulatory
confidence high
sentiment negative
materiality 0.60
Exela Technologies, Inc.: Nasdaq/NYSE listing notice — Exela Technologies receives Nasdaq delisting notice for failure to hold annual meeting
Exela Technologies, Inc.
- Received Nasdaq notice on March 14, 2024 for noncompliance with Listing Rules 5620(a) and 5810(c)(2)(G).
- Must submit a compliance plan by April 29, 2024; if accepted, exception until June 28, 2024.
- 2023 annual meeting adjourned to June 13, 2024 due to lack of quorum; may combine with 2024 meeting.
- No immediate effect on Nasdaq listing, but no assurance of regaining compliance.