0001104659-22-063038.txt : 20220519
0001104659-22-063038.hdr.sgml : 20220519
20220519213032
ACCESSION NUMBER: 0001104659-22-063038
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220517
FILED AS OF DATE: 20220519
DATE AS OF CHANGE: 20220519
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Yannamani Suresh
CENTRAL INDEX KEY: 0001712406
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36788
FILM NUMBER: 22945138
MAIL ADDRESS:
STREET 1: 14805 LAKE FOREST DRIVE
CITY: DALLAS
STATE: TX
ZIP: 75254
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Exela Technologies, Inc.
CENTRAL INDEX KEY: 0001620179
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 471347291
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2701 EAST GRAUWYLER RD.
CITY: IRVING
STATE: TX
ZIP: 75061
BUSINESS PHONE: 844-935-2832
MAIL ADDRESS:
STREET 1: 2701 EAST GRAUWYLER RD.
CITY: IRVING
STATE: TX
ZIP: 75061
FORMER COMPANY:
FORMER CONFORMED NAME: Quinpario Acquisition Corp. 2
DATE OF NAME CHANGE: 20140922
4
1
tm2216055-3_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-05-17
0
0001620179
Exela Technologies, Inc.
XELA
0001712406
Yannamani Suresh
C/O EXELA TECHNOLOGIES, INC.
2701 E. GRAUWYLER RD.
IRVING
TX
75061
0
1
0
0
President
Common Stock
2022-05-17
4
D
0
195680
D
15
D
6.00% Series B Cumulative Convertible Pref. Stock
1.25
2022-05-17
4
A
0
9784
A
Common Stock
195680
9784
D
On May 17, 2022, the Issuer completed an offer to exchange shares of its Common Stock for its 6.00% Series B Cumulative Convertible Perpetual Preferred Stock (the "Series B Preferred Stock"), with each 20 shares of Common Stock being exchangeable in the Offer for one share of Series B Preferred Stock having a liquidation preference of $25.00 per share of Series B Preferred Stock (an effective price of $1.25 per share of Common Stock). For purposes of
the exemption under Rule 16b-3 promulgated under the Exchange Act, the board of directors of the Issuer approved the transactions contemplated by this Form 4.
Holders of the Issuer's Series B Preferred Stock have the option to convert some or all of their shares of Series B Preferred Stock initially into shares of Common Stock at a Conversion Price of $1.25 (subject to adjustment in certain events). In addition, if at any time the Five-Day VWAP of the Issuer's Common Stock exceeds the Conversion Price, the Issuer will have the option to convert all outstanding shares of Series B Preferred Stock into shares of Common
Stock at the Conversion Price of $1.25. The Series B Preferred Stock has no maturity date.
A liquidation preference of $25.00 per share of Series B Preferred Stock means an effective price of $1.25 per share of Common Stock tendered in the Offer.
On May, 17, 2022, the Issuer declared a dividend of one share of Tandem Preferred Stock for each share of outstanding Series B Preferred Stock as of May 17, 2022. Each share of Tandem Preferred Stock initially has 20 votes (representing the number of votes of the Common Stock surrendered in exchange for one share of Series B Preferred Stock).
/s/ Suresh Yannamani
2022-05-19