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Exela Technologies plans to delist from Nasdaq due to low market value, moving to OTC Markets.
Exela Technologies, a business process automation company, plans to delist its securities from the Nasdaq and deregister under the U.S. Securities Exchange Act following a Nasdaq suspension due to its market value falling below $35 million.
This move will allow the company to halt filings with the SEC, reducing operating expenses.
Exela's stocks have been trading on the OTC Markets since November 8, 2024.
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Exela Technologies planea eliminar la lista de Nasdaq debido a su bajo valor de mercado, pasando a OTC Markets.