Tillkännagivande • Mar 04
DocuData Solutions, L.C. Filed for Bankruptcy DocuData Solutions, L.C. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on March 3, 2025. The debtor listed its assets in the range of $500 million to $1 billion and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Timothy Alvin Davidson, II of Andrews Kurth LLP as its legal counsel. Tillkännagivande • Nov 09
Exela Technologies, Inc.(OTCPK:XELA) dropped from NASDAQ Composite Index Exela Technologies, Inc. has been dropped from the NASDAQ Composite Index . Tillkännagivande • Nov 07
Nasdaq Hearings Panel Determines to Delist Exela Technologies' Common Stock On November 6, 2024, the Nasdaq Stock Market LLC (‘Nasdaq’) notified Exela Technologies, Inc. (the ‘Company’) that the Nasdaq Hearings Panel (the ‘Panel’) has determined to delist the Company’s common stock and that trading of the Company’s securities will be suspended at the open of trading on November 8, 2024. As previously reported, on November 13, 2023, the Nasdaq Listing Qualifications Staff (the ‘Staff’) notified the Company that it was in violation of Nasdaq Listing Rule 5550(b)(2) (the ‘ MVLS Rule’) because the Company’s Market Value of Listed Securities (‘ MVLS’) was below the minimum requirement of $35 million for 30 consecutive business days and the Company failed to satisfy any of the alternative requirements set in Nasdaq Listing Rule 5550(b). The Company appeared before the Panel on July 2, 2024. At the hearing, the Company’s senior management and outside advisors outlined the Company’s compliance plan for the Panel, which included the Company’s plans to regain compliance with the requirements set in Nasdaq Listing Rule 5550(b). The Panel, after an extension period, granted the Company until November 1, 2024, to regain compliance. As of November 1, 2024, the Company had not regained compliance with the MVLS Rule or any other requirement set in Nasdaq Listing Rule 5550(b). In connection with the Nasdaq delisting notice, Nasdaq will complete the delisting by filing a Form 25 Notification of Delisting with the U.S. Securities and Exchange Commission (the ‘SEC’) after applicable appeal periods have lapsed. In the interim, the Company’s common stock is expected to begin trading under its current trading symbol ‘XELA’ on the OTC Markets system effective with the open of the markets on November 8, 2024. The Company has 15 days after the date it received notice of the Panel’s decision (which is November 22, 2024) to request in writing that the Nasdaq Listing and Hearing Review Council (the ‘Council’) review the decision. In addition, the Council may, on its own motion, determine to review the Panel’s decision within 45 calendar days after the Company was notified of the decision. Tillkännagivande • Oct 07
Exela Technologies, Inc. Announces Board Resignations On October 2, 2024, Marc A. Beilinson, notified the Board of Directors of Exela Technologies, Inc. of his intention to resign as a director of the Company, effective as of October 3, 2024. Mr. Beilinson's resignation was not the result of any dispute or disagreement with the Company or the Company's Board of Directors on any matter relating to the operations, policies or practices of the Company. On October 3, 2024, Sharon Chadha, notified the Board of Directors of the Company of her intention to resign as a director of the Company, effective as of October 3, 2024. Mrs. Chadha's resignation was not the result of any dispute or disagreement with the Company or the Company's Board of Directors on any matter relating to the operations, policies or practices of the Company. Tillkännagivande • Apr 03
Exela Technologies, Inc. announced delayed annual 10-K filing On 04/02/2024, Exela Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Tillkännagivande • Mar 18
Exela Technologies Receives Notice from Nasdaq Regarding Non-Compliance with Listing Rules 5620(a) and 5810(c)(2)(G) On March 14, 2024, Exela Technologies, Inc. (the ‘Company’) received a notice (the ‘Notice’) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (‘Nasdaq’) stating that the Company is in non-compliance with Listing Rules 5620(a) and 5810(c)(2)(G) as a result of its failure to hold an annual shareholder meeting within twelve months of the December 31, 2022 fiscal year end. The Notice has no immediate effect on the Company’s listing on the Nasdaq Capital Market. The Company now has 45 calendar days, or until April 29, 2024, to submit a plan to regain compliance. If that plan is accepted by Nasdaq, then the Company may be granted an exception of up to 180 calendar days from the date of its December 31, 2023 fiscal year end, or until June 28, 2024, to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Hearings Panel. As previously announced on January 26, 2024, the Company had adjourned its 2023 annual meeting until June 13, 2024 due to lack of required quorum. In response to the Notice, the Company intends to either reconvene the 2023 annual meeting on June 13, 2024 as previously announced or to combine the 2023 annual meeting with its upcoming 2024 annual meeting with a new record date to be held on or about the same date and to timely submit a plan designed to regain compliance in accordance with the requirements of the Notice and the Nasdaq listing standards. There can be no assurance, however, that Nasdaq will accept the Company’s plan or that the Company will be able to regain compliance with the annual meeting requirement or maintain or regain compliance with other Nasdaq listing requirements. Tillkännagivande • Jan 27
Exela Technologies, Inc., Annual General Meeting, Jun 13, 2024 Exela Technologies, Inc., Annual General Meeting, Jun 13, 2024, at 11:00 US Eastern Standard Time. Tillkännagivande • Dec 08
Exela Technologies, Inc., Annual General Meeting, Dec 29, 2023 Exela Technologies, Inc., Annual General Meeting, Dec 29, 2023, at 10:00 US Eastern Standard Time. Agenda: To ratify the appointment of EisnerAmper LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023; and to consider any other matters. Tillkännagivande • Nov 18
Exela Technologies, Inc. Receives Expected Nasdaq Notice Regarding Late Form 10-Q Filing Exela Technologies, Inc. announced that on November 13, 2023, as expected, it received a delinquency notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because the Company did not timely file its Quarterly Report on Form 10-Q for the three months ended September 30, 2023 (the “Third Quarter 10-Q”). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. As previously reported by the Company in its Notification of Late Filing on Form 12b-25, filed with the Securities and Exchange Commission on November 13, 2023, the Company was unable to timely file the Third Quarter 10-Q without unreasonable effort or expense by the prescribed due date for such filing. As previously disclosed, following the Company’s failure to file its Quarterly Report on Form 10-Q for the three months ended June 30, 2023 (the “Second Quarter 10-Q” and, together with the Third Quarter 10-Q, the “Delinquent Reports”), the Company submitted a plan to regain compliance with the Rule (the “Compliance Plan”). As a result of this additional delinquency, Nasdaq granted an exception for the Company to submit an update to the Compliance Plan on or before November 27, 2023, including the Company’s plans to file the Third Quarter Form 10-Q. Any additional exceptions from Nasdaq to allow the Company to regain compliance with the Delinquent Reports will be limited to a maximum of 180 calendar days from the due date of the Second Quarter 10-Q, or February 5, 2024. The Company anticipates filing the Second Quarter 10-Q on or before November 27, 2023, and intends to file Third Quarter 10-Q as soon as reasonably practicable. Tillkännagivande • Nov 14
Exela Technologies, Inc. announced delayed 10-Q filing On 11/13/2023, Exela Technologies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Oct 27
Exela Technologies, Inc., Annual General Meeting, Dec 05, 2023 Exela Technologies, Inc., Annual General Meeting, Dec 05, 2023, at 09:00 Central Standard Time. Agenda: To elect the Board of Directors the two nominees named in the accompanying Proxy Statement who have been nominated by the Board of Directors to serve as Class C directors and whose current terms will expire at the Annual Meeting; to act upon a proposal to approve, on a non-binding, advisory basis, compensation of the Company’s named executive officers as described in the accompanying Proxy Statement; to act upon a proposal to approve the Exela Technologies, Inc. 2023 Stock Incentive Plan; to act upon a proposal to approve the Certificate of Designations of the Company’s Series B Cumulative Convertible Perpetual Preferred Stock to allow the Company, in its sole discretion, to have the ability for the payment of dividends; to act upon a proposal to approve one or more adjournments of the Annual Meeting, if necessary or appropriate, if a quorum is present, to permit further solicitation of proxies if there are not sufficient votes at the time of the meeting to approve. Tillkännagivande • Oct 05
Glancy Prongay & Murray LLP Announces Pendency of Class Action and Proposed Settlement Involving Purchasers of Exela Technologies, Inc. Common Stock Glancy Prongay & Murray LLP announced Pendency of Class Action and Proposed Settlement Involving Purchasers of Exela Technologies, Inc. Common Stock. NOTIFIED that the Lead Plaintiff in the Action has reached a proposed settlement of the Action for $5,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action. A hearing will be held on December 7, 2023 at 10:00 a.m., before the Honorable Sidney A. Fitzwater at the United States District Court for the Northern District of Texas, United States Courthouse, Courtroom 1351, 1100 Commerce Street, Dallas, Texas 75242-1003, to determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation (and in the Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of Litigation Expenses should be approved. Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees and reimbursement of expenses, must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than November 16, 2023, in accordance with the instructions set forth in the Notice. Tillkännagivande • Aug 17
Exela Technologies Receives Notice of Non-Compliance from Nasdaq Regarding Failure to Timely File its Quarterly Report on Form 10-Q for the Quarterly Period Ended June 30, 2023 On August 11, 2023, Exela Technologies, Inc. received a notice of non-compliance from Nasdaq Stock Market LLC (‘Nasdaq’) notifying the company that, as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 (the ‘Form 10-Q’), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’), which requires listed companies to timely file all periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the Form 10-Q due date, or until or until February 5, 2024, to regain compliance. The company expects to complete its Form 10-Q and intends to file the Form 10-Q as soon as practicable to regain compliance with the Rule within the time period to provide the plan of compliance. Tillkännagivande • Aug 12
Exela Technologies, Inc. to Report Q2, 2023 Results on Aug 14, 2023 Exela Technologies, Inc. announced that they will report Q2, 2023 results on Aug 14, 2023 Tillkännagivande • Aug 11
Exela Technologies, Inc. announced delayed 10-Q filing On 08/10/2023, Exela Technologies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Jun 10
Imaging Business Machines, LLC acquired IntelliScan Smart Scanning Solutions of Exela Technologies, Inc. Imaging Business Machines, LLC acquired IntelliScan Smart Scanning Solutions of Exela Technologies, Inc. on June 9, 2023. Exela Technologies plans to use the incremental liquidity for general corporate purposes, debt obligations and transactions expenses. The Business generated revenue of $20.5 million in 2022.Imaging Business Machines, LLC completed the acquisition of IntelliScan Smart Scanning Solutions of Exela Technologies, Inc. on June 9, 2023. Tillkännagivande • May 19
Exela Technologies, Inc. Announces Resignation of William Transier from Board of Directors Exela Technologies, Inc. announced that on May 12, 2023, William Transier resigned from the Board of Directors of the Company and all committees of the Board, effective immediately. Tillkännagivande • May 11
Exela Technologies, Inc. to Report Q1, 2023 Results on May 11, 2023 Exela Technologies, Inc. announced that they will report Q1, 2023 results on May 11, 2023