XELA Exela





Washington, D.C. 20549





Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): April 23, 2020



(Exact name of registrant as specified in its charter)


Delaware 001-36788 47-1347291
(State or other jurisdiction of
incorporation or organization)
 (Commission File Number) (I.R.S. Employer
Identification Number)


2701 E. Grauwyler Rd.

Irving, TX

(Address of principal executive offices) (Zip Code)


Company’s telephone number, including area code:(844) 935-2832


Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class Trading Symbol Name of Each Exchange on Which Registered
Common Stock, Par Value $0.0001 per share XELA The Nasdaq Stock Market LLC


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:


¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.


¨Emerging growth company   
¨If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  






Item 3.01 Notice of Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.


On April 23, 2020, Exela Technologies, Inc. (the “Company”) received an anticipated notice (the “Notice”) from the Staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(2) (the “Rule”) because, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum requirement of $35 million. In the Notice, Nasdaq indicated that the Company has 180 calendar days from the date of the Notice (or until October 20, 2020) to regain compliance with the Rule. The Company will regain compliance if at any time before October 20, 2020, the Company’s MVLS closes at or above $35 million for a minimum of ten consecutive business days. In the event the Company does not regain compliance with the Rule prior to the expiration of the compliance period, it will receive written notification that its securities are subject to delisting, in which case the Company will have the right to appeal the delisting determination to a Hearings Panel of the Nasdaq. The Notice has no immediate effect on the listing of Company’s common stock on the Nasdaq Capital Market.







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: April 29, 2020


 By:/s/ Erik L. Mengwall
  Erik L. Mengwall