From GlobeNewswire: 2025-01-07 23:25:21

Exela Technologies, Inc. has decided to voluntarily delist its securities from the Nasdaq Stock Market LLC and deregister its securities under the U.S. Securities Exchange Act of 1934. This decision comes after the company received notification from Nasdaq that its securities would be delisted due to violation of listing rules. Trading of the company’s securities on Nasdaq was suspended on November 8, 2024. Following the delisting, the company’s common stock and Series B preferred stock began trading on the OTC Markets system. The company intends to file a Form 15 with the SEC to deregister its securities under the Exchange Act.

Exela Technologies is a global business process automation leader with over 4,000 customers in 50 countries. The company offers digital transformation solutions that enhance quality, productivity, and end-user experience. Through cloud-enabled platforms and automation modules, Exela provides integrated technology and operations for various industries, including finance, healthcare, and the public sector. The company’s decision to delist its securities from Nasdaq and deregister under the Exchange Act is expected to reduce operating expenses and streamline reporting requirements. Investors and media can monitor updates on the company’s website and social media accounts for further announcements.



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