Exela Technologies, Inc. Receives Expected Nasdaq Notice Regarding Late Form 10-Q Filing
Portfolio Pulse from Benzinga Newsdesk
Exela Technologies, Inc. (XELA) received a delinquency notice from Nasdaq for not filing its Q3 Form 10-Q on time. The notice is due to the recent appointment of a new accounting firm and follows a previous failure to file the Q2 report. Nasdaq has allowed an extension for Exela to submit an updated compliance plan by November 27, 2023, and the company aims to file the overdue Q2 report by this date and the Q3 report as soon as possible. The deadline to regain compliance is February 5, 2024.
November 17, 2023 | 9:33 pm
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Exela Technologies received a Nasdaq notice for late Q3 Form 10-Q filing. The company is working on submitting an updated compliance plan and intends to file the overdue reports promptly.
Receiving a delinquency notice from Nasdaq is a negative event that indicates issues with financial reporting compliance. This can lead to concerns about the company's management and financial health, potentially affecting investor confidence and the stock price negatively in the short term.
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