Subsequent Events	6 Months Ended
Jun. 30, 2024
Subsequent Events.
Subsequent Events	14. Subsequent Events BR Exar AR Facility Amendment During July 1, 2024 through August 14, 2024, certain of the Company’s subsidiaries entered into two (2) additional amendments to the BR Exar AR Facility (the “Amendments”), pursuant to which they agreed to sell certain existing and future receivables to BREL until such time as BREL shall have collected $10.5 million, net of any costs, expenses or other amounts paid to or owing to the buyer under the agreement. The Company received an aggregate of $9.5 million in net proceeds under the Amendments. Repayments on BRCC Facility and BR Exar AR Facility During July 1, 2024 through August 14, 2024, the Company repaid $2.0 million of outstanding principal amount under the BRCC Revolver. Accordingly, the amount outstanding under the BRCC Revolver is $5.9 million, as of August 14, 2024. During July 1, 2024 through August 14, 2024, the Company repaid approximately $7.1 million of outstanding principal amount under the BR Exar AR Facility. Accordingly, the amount outstanding under the BR Exar AR Facility is approximately $8.9 million, as of August 14, 2024. Potential Spin-off On July 1, 2024, the Company announced that its Board has authorized the Company to consider a spin-off of its wholly-owned subsidiary Exela Technologies BPA, LLC (the holding company for the Company’s business process automation business which includes our HS and LLPS segments and part of our ITPS segment, and collectively with all of its subsidiaries, the “BPA Business”). In the event the spin-off is effected, Exela will distribute all of the shares of common stock held by it of a holding company (“Holdco”) owning the BPA Business, pro rata determined on an as coverted fully diluted basis, to Exela’s stockholders and warrantholders. As a result, if the spin-off is consummated, Exela’s stockholders and warrantholders prior to the spin-off will become the stockholders of Holdco after the spin-off. The announcement of the potential spin-off did not have any impact to the Company’s condensed consolidated financial statements or segment reporting. The spin-off, if it occurs, may be deemed a "Fundamental Change" under the Series A Certificate of Designations, and thus could provide Series A Preferred Stockholders with special conversion rights that could substantially dilute the existing holders of Common Stock, as described above. At this time, there can be no assurance that the spin-off will be consummated, and the Company has not yet completed its analysis of whether the spin-off, if consummated, would constitute a Fundamental Change.

Subsequent Events

6 Months Ended

Jun. 30, 2024

14. Subsequent Events

BR Exar AR Facility Amendment

During July 1, 2024 through August 14, 2024, certain of the Company’s subsidiaries entered into two (2) additional amendments to the BR Exar AR Facility (the “Amendments”), pursuant to which they agreed to sell certain existing and future receivables to BREL until such time as BREL shall have collected $10.5 million, net of any costs, expenses or other amounts paid to or owing to the buyer under the agreement. The Company received an aggregate of $9.5 million in net proceeds under the Amendments.

Repayments on BRCC Facility and BR Exar AR Facility

During July 1, 2024 through August 14, 2024, the Company repaid $2.0 million of outstanding principal amount under the BRCC Revolver. Accordingly, the amount outstanding under the BRCC Revolver is $5.9 million, as of August 14, 2024.

During July 1, 2024 through August 14, 2024, the Company repaid approximately $7.1 million of outstanding principal amount under the BR Exar AR Facility. Accordingly, the amount outstanding under the BR Exar AR Facility is approximately $8.9 million, as of August 14, 2024.

Potential Spin-off

On July 1, 2024, the Company announced that its Board has authorized the Company to consider a spin-off of its wholly-owned subsidiary Exela Technologies BPA, LLC (the holding company for the Company’s business process automation business which includes our HS and LLPS segments and part of our ITPS segment, and collectively with all of its subsidiaries, the “BPA Business”). In the event the spin-off is effected, Exela will distribute all of the shares of common stock held by it of a holding company (“Holdco”) owning the BPA Business, pro rata determined on an as coverted fully diluted basis, to Exela’s stockholders and warrantholders. As a result, if the spin-off is consummated, Exela’s stockholders and warrantholders prior to the spin-off will become the stockholders of Holdco after the spin-off. The announcement of the potential spin-off did not have any impact to the Company’s condensed consolidated financial statements or segment reporting.

The spin-off, if it occurs, may be deemed a "Fundamental Change" under the Series A Certificate of Designations, and thus could provide Series A Preferred Stockholders with special conversion rights that could substantially dilute the existing holders of Common Stock, as described above. At this time, there can be no assurance that the spin-off will be consummated, and the Company has not yet completed its analysis of whether the spin-off, if consummated, would constitute a Fundamental Change.