Exela Technologies Announces Management and Directors Tendering Exela Common Stock into Preferred Stock
Exela Technologies, Inc. announced that directors, executive officers and affiliates have informed that Company that they intend to tender in the aggregate over 5 million shares of common stock in the pending exchange offer. That total includes 1,528,160 shares of common stock that the Company’s Executive Chairman, Par Chadha, intends to tender.
The Corporate Actions department at your broker can initiate the tender process. If you are having difficulty instructing your broker, you may contact D.F. King & Co., Inc.
Read More: AxleHire Partners With Deliverr To Provide An ‘Amazon-Like’ Next-Day Delivery Experience To…
The Exchange Offer will expire at 11:59 p.m., New York City time, on March 10, 2022 (unless extended). Shareholders who wish to participate in the exchange offer should instruct their broker to tender their shares well before the expiration time, to give their broker sufficient time to tender their shares
This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy the Preferred Stock or any other securities. The Offer is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. Any offers of the Preferred Stock will be made only by means of the Offer to Exchange.
The complete terms and conditions of the Offer are set forth in the Amended and Restated Offer to Exchange dated February 24, 2022, and the related third amended and restated letter of transmittal that has been filed with the Securities and Exchange Commission on Schedule TO, and the subsequent amendments of the Schedule TO. Shareholders of Exela are strongly encouraged to read the Schedule TO and related exhibits because they contain important information about the Offer.
Read More: SalesTechStar Interview With Ryan Johnson, Chief Product Officer At CallRail
