Exela Technologies effects 1-for-200 reverse stock split
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- Business process automation company Exela Technologies (NASDAQ:XELA) said on Friday that it effected a 1-for-200 reverse stock split.
- The board approved the reverse stock split, effective 5:00 p.m. ET on May 12. The company’s stockholders had approved the amendment at a special meeting held May 11.
- The company’s shares began trading on a split-adjusted basis from market open on May 15.
- The company has ~6.4M shares issued and outstanding post the reverse stock split.
- Source: Press Release