Press Releases

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March 11, 2022

Exela Technologies, Inc. Reports Preliminary Full Year and Fourth Quarter 2021 Results

2021 Revenue of $1,167 million , in-line with guidance Loss per Share of $0 .34 in the fourth quarter of 2021 On track for $50 million in cash flow improvements in 2022 Long-term debt (1) reduced by $454 million Small-and-Medium-Sized Business “SMB” continues robust growth in the fourth quarter of

March 11, 2022

Exela Technologies Announces Successful Completion of Exchange Offer for Shares of Common Stock

IRVING, Texas , March 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA ) announced the successful completion of its previously announced offer to exchange shares of its Common Stock for its 6.00% Series B Cumulative Convertible Perpetual Preferred Stock

March 9, 2022

Exela Technologies, Inc. to Host Fourth Quarter and Full Year 2021 Financial Results Conference Call

IRVING, Texas , March 09, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ:XELA), a global business process automation (“BPA”) leader across numerous industries, will host a conference call with the financial community to discuss results for the fourth quarter

March 8, 2022

Exela Technologies Announces Management and Directors Tendering Exela Common Stock into Preferred Stock

IRVING, Texas , March 08, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA ), announced today that directors, executive officers and affiliates have informed that Company that they intend to tender in the aggregate over 5 million shares of common stock in

March 7, 2022

Exela Technologies Agrees to Exchange with Revolving Lenders

IRVING, Texas , March 07, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA ), announced today that certain of its subsidiaries entered into a Revolving Loan Exchange and Prepayment Agreement with certain financial institutions acting as revolving lenders

February 24, 2022

Exela Technologies Announces an Amendment in the Pending Exchange Offer Replacing New Notes with Preferred Stock

Shareholders can now exchange blocks of 20 shares of common stock into a tradable $25 perpetual, convertible preferred stock with a 6% annual dividend Offering price represents a 127% premium to the closing share price of $0.55 on January 25, 2022 , the day prior to the commencement of the original

February 23, 2022

PCH Global’s Market Reach Continues its Expansion in the Healthcare Arena

PCH Global , Exela’s cloud-hosted healthcare gateway platform continues its adoption trajectory with the addition of an engagement by a large US healthcare company. Through PCH Global the company will immediately tackle obstacles that have been thwarting payment integrity objectives.

February 8, 2022

Exela Cements Europe Presence with Purchase of Headquarters in Ireland

IRVING, Texas , Feb. 08, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA ) reaffirms its commitment to grow its leadership position in Europe as a key technology and payments services provider. Exela purchased a standalone multi-level, 25,000 square foot headquarters in

February 7, 2022

Exela Technologies Announces an Increase in the Consideration being Offered for Shares of Common Stock through Exchange Offer to $1.25 of New Notes per Share

Shareholders can now exchange blocks of 20 shares of common stock into a tradable $25 note due 2029 with 6% annual interest rate Offering price represents a 127% premium to the closing share price of $0.55 on January 25, 2022 Shares tendered will be retired, reducing share count by approximately

February 3, 2022

Exela Technologies Expands Intelligent Document Processing Strength with Work-From-Anywhere Platform, Enrolling over 6,000 Users

IRVING, Texas , Feb. 03, 2022 (GLOBE NEWSWIRE) -- Exela Technologies , Inc. (“Exela” or “the Company”) (NASDAQ: XELA), a global business process automation (BPA) leader, announced today it has surpassed 6,000 users on its Work-From-Anywhere (“WFA”) platform for Intelligent Document Processing

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