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Exela Technologies is facing critical scrutiny from significant shareholder X, LLC, who has raised serious concerns regarding the company’s corporate governance and management practices. With over 99% of stock value lost and potential delisting from NASDAQ, shareholders demand immediate action to hold the board accountable. Key issues include financial restatements, substantial stock dilution, a cybersecurity breach, and recent management exits. X, LLC is advocating for urgent board reforms and shareholder representation to preserve value.
CF Acquisition Corp. VIII (Nasdaq: CFFEU) announced that starting May 3, 2021, holders of its 25 million initial public offering units can trade shares of Class A common stock (CFFE) and warrants (CFFEW) separately. Units not separated will continue to trade under CFFEU. This initiative allows increased trading flexibility for investors and is part of the company's strategy to facilitate future mergers and acquisitions across several industries, including finance and healthcare.
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