Exela Technologies Cancels Vote on Reverse Split
April 11 2022 - 8:15AM
Exela Technologies, Inc. (NASDAQ: XELA) today announced that it
will not proceed with the vote scheduled for May 3, 2022 seeking
approval to effect a reverse stock split. The Special Meeting of
Stockholders scheduled for that date has been canceled.
The Company believes continued listing on Nasdaq is important
for our shareholders, employees and customers. Accordingly, Exela
may revisit the need to seek a reverse stock split based on the
requirement to regain compliance with the listing standard by
August 8, 2022.
For more Exela news,
commentary, and industry perspectives,
visit: https://investors.exelatech.com/
And please follow us on
social:Twitter: https://twitter.com/exelatechLinkedIn: https://www.linkedin.com/company/exela-technologiesFacebook: https://www.facebook.com/exelatechnologies/Instagram: https://www.instagram.com/exelatechnologies
The information posted on the
Company's website and/or via its social media accounts may be
deemed material to investors. Accordingly, investors, media and
others interested in the Company should monitor the Company's
website and its social media accounts in addition to the Company's
press releases, SEC filings and public conference calls
and webcasts.
About Exela TechnologiesExela Technologies is a
business process automation (BPA) leader, leveraging a global
footprint and proprietary technology to provide digital
transformation solutions enhancing quality, productivity, and
end-user experience. With decades of experience operating
mission-critical processes, Exela serves a growing roster
of more than 4,000 customers throughout 50 countries, including 60%
of the Fortune® 100. Utilizing foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry, departmental solution suites addressing finance and
accounting, human capital management, and legal management, as well
as industry-specific solutions for banking, healthcare, insurance,
and the public sector. Through cloud-enabled platforms, built on a
configurable stack of automation modules, and over 17,000 employees
operating in 23 countries, Exela rapidly deploys
integrated technology and operations as an end-to-end digital
journey partner.
Forward-Looking StatementsCertain statements included in this
press release are not historical facts but are forward-looking
statements for purposes of the safe harbor provisions under The
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "may",
"should", "would", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", "seem", "seek", "continue",
"future", "will", "expect", "outlook" or other similar words,
phrases or expressions. These forward-looking statements include
statements regarding our industry, future events, estimated or
anticipated future results and benefits, future opportunities
for Exela, and other statements that are not historical facts.
These statements are based on the current expectations
of Exela management and are not predictions of actual
performance. These statements are subject to a number of risks and
uncertainties, including without limitation those discussed under
the heading "Risk Factors" in Exela's Annual Report and
other securities filings. In addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release.
Investor and/or Media Contacts:Vincent
KondaveetiE: vincent.kondaveeti@exelatech.com
Mary Beth BenjaminE: IR@exelatech.com
Exela Technologies (NASDAQ:XELA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Exela Technologies (NASDAQ:XELA)
Historical Stock Chart
From Sep 2023 to Sep 2024