XELAP News and Press, Exela Technologies Inc. 6.00% Series B Cumulative Convertible Perpetual Preferred Stock From 08/29/22

Summary Exela Technologies is mostly a low-margined, labor-intensive, highly-leveraged business outsourcing company. It needs to quadruple its share count to meet its short-term obligations, not to mention a $1 billion long-term debt maturing next year. Management is exaggerat...

IRVING, Texas, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced a new framework contract with a public IT and communications service provider for several German federal states and tax administrations. The 3-y...

IRVING, Texas, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a business process automation (“BPA”) leader, announced today a share buyback program of up to 10 Million shares of Common St...

Revenue of $267 million, a decline of 9% from Q2 2021 Net loss of $79 million $230 million of TCV (1) won, a 294% increase compared to Q1 2022 Small-and-Medium-Sized Business (“SMB”) continues strong growth with DMR ( 2 ) customers growing 343% ov...

IRVING, Texas, Aug. 08, 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 commun...

IRVING, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “Company”) (NASDAQ: XELA, XELAP) today announced an update to its Capital Deployment Strategy (the “Strategy”) that was previously announced June 6, 2022. Exela ha...

IRVING, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced a new contract with a large European domiciled financial services firm that will utilize Exela’s Exchange for Bills and Payments (“...

IRVING, Texas, July 25, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “Company”) (NASDAQ: XELA), a location-agnostic global business process automation (BPA) leader, announced that its Board of Directors has approved a 1-for-20 reverse stock ...

IRVING, Texas, July 13, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) today confirmed that it has received a preliminary, non-binding proposal (the “Proposal”) to acquire an approximately $200 mil...

IRVING, Texas, July 12, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP) today announced the promotion of Suresh Yannamani to Chief Executive Officer, Exela Technologies BPA, LLC, a subsidiary of Exela. Suresh’s promotion is part o...