Welcome to our dedicated page for Exela Technologies news (Ticker: XELA), a resource for investors and traders seeking the latest updates and insights on Exela Technologies stock.
Exela Technologies Inc. (XELA) delivers business process automation solutions to enterprises worldwide. This news hub provides investors and stakeholders with direct access to official communications, financial disclosures, and strategic developments from the digital transformation leader.
Our curated collection features essential updates including quarterly earnings reports, technology partnerships, and operational milestones. Track Exela's progress in enhancing enterprise workflows through its proprietary automation platforms and cloud-enabled solutions.
Discover timely information on product innovations, client acquisitions, and industry-specific deployments across banking, healthcare, and legal sectors. All content is sourced directly from company filings and press releases to ensure reliability.
Bookmark this page for streamlined access to Exela's latest business developments. Monitor how the company continues to optimize mission-critical processes for global enterprises through its integrated digital transformation solutions.
Exela Technologies, Inc. (NASDAQ: XELA) announced the successful completion of its exchange offer, allowing shareholders to convert 20 shares of Common Stock into one share of 6.00% Series B Cumulative Convertible Perpetual Preferred Stock. With the offer expiring on March 10, 2022, a total of 17,676,880 shares of Common Stock were validly tendered. Exela will issue 883,844 shares of Series B Preferred Stock, which may be listed on Nasdaq under the symbol XelaP within 30 days. The preferred shares have a liquidation preference of $25.00 each.
Exela Technologies, Inc. (NASDAQ:XELA) will host a conference call on March 11, 2022 at 2:00 p.m. ET to discuss its fourth quarter and full year 2021 results.
CEO Ron Cogburn and CFO Shrikant Sortur will lead the call, following which a Q&A session will take place. The call is accessible via Exela’s Investor Relations website and will be archived for later viewing.
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Exela Technologies (XELA) announced that directors and executives plan to tender over 5 million shares in the upcoming exchange offer, including 1,528,160 shares by Executive Chairman Par Chadha. The exchange offer expires at 11:59 PM on March 10, 2022. Shareholders wishing to participate should instruct their brokers promptly. The offer is detailed in the Amended Offer to Exchange filed with the SEC. Exela, a leader in business process automation, serves over 4,000 customers globally, providing digital transformation solutions.
Exela Technologies, Inc. (NASDAQ: XELA) announced a significant financial restructuring, exchanging its revolving loans for $50 million in cash and $50 million in senior secured notes due 2026. This transaction will cancel all outstanding revolving loans and terminate associated repayment obligations, with closing expected by March 28, 2022. Following this agreement, Exela will have no further debt maturities in 2022. The move aims to enhance liquidity and strengthen the company’s financial position amidst ongoing operational challenges.
Exela Technologies has amended its exchange offer, allowing shareholders to convert 20 shares of common stock into tradable convertible preferred stock valued at $25, offering a 6% annual dividend. This exchange is at a premium of 127% to the $0.55 closing price on January 25, 2022, and will reduce the share count by approximately 30%. Shareholders must tender their shares before 11:59 p.m. EST on March 10, 2022. Exela plans to list the preferred stock on Nasdaq under the symbol 'XELAP', with trading expected within 30 days post-approval.
Exela Technologies (XELA) strengthens its position in Europe by acquiring a 25,000 square foot headquarters in Dublin, Ireland, post-Brexit. This strategic move enhances Exela's capabilities in the Irish payment sector, where it already processes 35 million transactions annually and commands over 80% market share in domestic and cross-border cheque processing. The acquisition aims to boost the company's service offerings, including payment verification solutions and support for digital banking migration, positioning Exela as a key player in the evolving European payment landscape.
Exela Technologies announced an amended Offer to exchange Common Stock for 6% senior notes due 2029. The new terms allow shareholders to exchange blocks of 20 shares for $25 of tradable notes, raising the consideration from $1.00 to $1.25 per share. The offering price represents a 127% premium over the closing price of $0.55 as of January 25, 2022. This initiative aims to reduce the share count by approximately 30%.
Exela Technologies, Inc. (NASDAQ: XELA) announced it has exceeded 6,000 users on its Work-From-Anywhere (WFA) platform for Intelligent Document Processing (IDP), aiming for over 25,000 users by year-end. This cloud-hosted solution enables a flexible global workforce to assist in data validation and machine learning, enhancing quality assurance while ensuring data anonymity. With this expansion, Exela is positioned to harness the gig economy and create job opportunities. The company aims to provide cost-effective, secure processing and advanced automation through its IDP solution.
Exela Technologies has announced an offer for shareholders to exchange blocks of 25 shares of common stock for $25 notes due 2029, accruing 6% interest. This offering represents an 82% premium over the closing price of $0.55 on January 25, 2022, with up to $100 million in notes available for exchange. The share count will be reduced by approximately 29% as shares tendered will be retired. Shareholders must tender their shares by Midnight EST on February 24, 2022. The company aims to enhance shareholder value following significant capital deployment to reduce debt in 2021.
Exela Technologies (NASDAQ: XELA) has renewed a services contract worth over $35 million with a major consulting firm, reaffirming a 20-year partnership. This renewal incorporates the Digital Mailroom (DMR) solution, which supports over 90,000 users and facilitates remote mail access. Exela's DMR enhances document management, enabling efficient digital transformation for clients. The company is experiencing rising demand for DMR solutions in small to medium-sized businesses and enterprise segments, indicating strong market positioning.
