XELAW - XELAW STOCK NEWS

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.

Exela Technologies (NASDAQ: XELA) announced a partnership with a national leader in post-acute healthcare focused on home healthcare and personal care as of January 21, 2022. This collaboration will enhance PCH Global's capabilities in data aggregation and reporting, facilitating access to high-quality care for patients. The PCH Global platform aims for improved claim resolution, payment transparency, and digital appeals, supported by a scalable cloud network with high uptime. The partnership highlights Exela's expertise in addressing complex healthcare needs.

Exela Technologies has announced an expansion of its contract with a major global bank, enhancing services to include foreign payment processing. This new offering is part of Exela's XBP platform and involves sophisticated payment security. The bank has confidence in Exela's international payment solutions, reflecting the company's continuous growth in payment processing across global banks.

Exela Technologies (NASDAQ: XELA) has expanded its partnership with a leading technology services provider, focusing on Medicaid programs with an initial value exceeding $2.5 million. This collaboration enhances the PCH Global platform, promoting payment integrity and revenue cycle management. The platform aims to ensure clean claims and reduce retrospective collections, with improved data analytics and cloud-hosted solutions. This expansion underscores Exela's commitment to delivering effective healthcare solutions and building healthier communities nationwide.

Exela Technologies has expanded its partnership with Mastercard in the EMEA region, focusing on automating Giro payments in Norway via its XBP platform. The initiative aims to enhance processing efficiency for over 11 million Giro payments using advanced optical/intelligent character recognition and automated signature verification. Exela's president for EMEA, Vitalie Robu, expressed pride in continuing this collaboration, highlighting its significance in the Norwegian market as part of Exela's global rollout of the XBP solution.

Exela Technologies (NASDAQ: XELA) announced a significant expansion with a leading health insurance organization, reinforcing a two-decade relationship. The latest expansion is valued at $6.2 million and focuses on enhancing the PCH Global platform to support digital transformation in healthcare. This upgrade aims to optimize the member and provider experience through improved data analytics and scalability, ultimately promoting transparency in claims processing. The company's commitment to this partnership reflects its ongoing investment in healthcare technology and customer-centric solutions.