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Exela Technologies Inc is a business process automation (BPA) leader combining industry-specific and multi-industry enterprise software and solutions. The company's BPA suite of solutions is deployed in banking, healthcare, insurance, and other industries. The company's segment includes Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal and Loss Prevention Services (LLPS). It generates maximum revenue from the ITPS segment.
Exela Technologies is holding a special meeting for stockholders on May 4, 2023, to facilitate a reverse stock split aimed at maintaining its listing on The Nasdaq Capital Market.
The company encourages stockholders to vote in favor of the amendment to its Certificate of Incorporation, as the current stock price may deter institutional investors and brokerage firms from engaging with Exela. Shares can be voted online or by phone, with instructions provided on the proxy card.
Exela emphasizes the importance of stockholder participation in the voting process, noting that even small shareholders can impact the outcome. The company has engaged proxy solicitor Morrow Sodali LLC to assist stockholders with questions about voting.
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