Exela Technologies to delist securities from Nasdaq

Exela Technologies (XELA) informed its stockholders and the market in general that its board of directors approved the commencement of the process to: voluntarily delist its securities from Nasdaq; and deregister the company’s securities under the U.S. Securities Exchange Act of 1934, as amended, after taking into account a number of considerations, including, but not limited to, the Nasdaq suspension and the expected reduction in operating expenses associated with continued listing and reporting.