Exela Announces Compliance with Nasdaq Listing Standard
Exela Technologies, Inc. (NASDAQ: XELA) announced on February 10, 2021, that it has regained compliance with the minimum bid price requirement set by Nasdaq, following a letter received on February 9, 2021. This compliance is crucial for maintaining its listing on the exchange. Exela, a leader in business process automation, serves over 4,000 clients in 50 countries, providing integrated technology and operations solutions across various industries.
- Regained compliance with Nasdaq's minimum bid price requirement.
- None.
IRVING, Texas, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “ the Company”) (NASDAQ: XELA), a global business process automation (BPA) leader, today announced that it has received a letter dated February 9, 2021 from The Nasdaq Stock Market LLC confirming that the Company has regained compliance with the minimum bid price requirement.
About Exela Technologies
Exela 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 expertise operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over
Forward-Looking Statements
Certain 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 Kondaveeti
E: vincent.kondaveeti@exelatech.com
T: 929-620-1849
Mary Beth Benjamin
E: IR@exelatech.com
T: 646-277-1216
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