IRVING, Texas, July 25, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “Company”) (NASDAQ:XELA), a location-agnostic global business process automation (BPA) leader, announced that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s common stock, which will be effective at 5:00 p.m. Eastern Time on Monday, July 25, 2022. Exela’s Board of Directors approved the split and determined the 1-for-20 ratio to be appropriate to meet Exela’s goals of improving the marketability and liquidity of its common stock, compliance with Nasdaq listing requirements and allowing the Company’s management team to focus on its business.
Exela Technologies Announces 1 for 20 Reverse Stock Split
Globe Newswire -
Mon Jul 25, 2022
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