Exela Technologies Announces $ 100 Million Completion



IRVING, Texas, June 30, 2021 (GLOBE NEWSWIRE) – Exela Technologies, Inc. (“XELA” or the “Company”) (NASDAQ: XELA) today announced that it has completed its $ 100 million investment program on the market announced on May 27, 2021.

In addition, Exela has entered into an additional $ 150 million share program in the market. The Company intends to use the net proceeds of the offering for the purchase or repayment of debts and / or for general corporate purposes, including the financing of its development programs, expenses of business and sales and marketing planning, general and administrative expenses, acquisition or licensing of other product candidates or businesses or working capital.

The offering of these securities is being made in accordance with a valid registration statement on Form S-3, which was originally filed with the Securities and Exchange Commission (the “SEC”) on May 3, 2021, and declared effective by SEC on May 12, 2021. These securities will be offered only by way of prospectus and prospectus supplement. A copy of the prospectus and prospectus supplement relating to such securities can be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting: B. Riley Securities, Inc., 1300 17th Street North, Suite 1300, Arlington, Virginia 22209, Attn: Prospectus Department, Email: prospectus@brileyfin.com, Phone: (703) 312-9580, or Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 499 Park Avenue, 6th Floor, New York, New York, 10022, Email: prospectus@cantor.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Exela Technologies

Exela Technologies is a leader in Business Process Automation (BPA), leveraging a global presence and proprietary technology to deliver digital transformation solutions that improve quality, productivity and user experience. final. With decades of experience operating critical processes, Exela serves a growing list of over 4,000 clients in 50 countries, including over 60% of Fortune® 100.

With core technologies covering information management, workflow automation and integrated communications, Exela’s software and services include suites of multi-industry solutions dealing with finance and accounting, management human capital and legal management, as well as industry-specific solutions for banking, insurance and public sectors. With cloud-enabled platforms, built on a configurable stack of automation modules, and more than 18,300 employees operating in 23 countries, Exela is rapidly deploying integrated technology and operations as a digital travel partner of end to end.

Forward-looking statements

This press release includes statements that are or may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and are intended to be safe harbor. by these headings. Forward-looking statements are usually accompanied by words such as “may”, “should”, “should”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “Appear”, “seek”, “continue”, “future”, “will”, “expect”, “prospect” or other similar words, phrases or expressions. These forward-looking statements include statements regarding potential sales of Shares under the ATM Program, the intended use of the net proceeds from the sale of Shares under the ATM Program, the timing of sales of Shares under the Program. ATM and other statements that are not historical facts. These forward-looking statements are based on the current expectations of Exela’s management and do not constitute predictions of actual performance. These forward-looking statements are subject to a number of risks and uncertainties relating to Exela’s business, and actual results may differ materially. Factors that may affect Exela’s financial condition and results of operations include, among others, (i) the impact of political and economic conditions on the demand for Exela’s services, (ii) the impact of the COVID-19 pandemic, (iii) the impact of the request for assessment in accordance with 8 Del. C. § 262 of the Delaware Court of Chancellery, subtitled Manichaean Capital, LLC, et al. v. SourceHOV Holdings, Inc., CA n ° 2017 0673 JRS, (iv) the impact of a data or security breach, (v) the impact of competition or alternatives to Exela’s services on its commercial rates and other actions of competitors, (vi) Exela’s ability to cope with technological development and change in order to keep pace with its industry and its clients’ industries, (vii) the impact of terrorism, natural disasters or similar events on Exela’s business, (viii) the effect of laws and regulatory measures in the United States and internationally, (ix) the impact of an operational failure due to the ” unavailability or failure of third-party services on which Exela relies, (x) the effect of the infringement of intellectual property and (xi) other risk factors described from time to time in the annual reports of Exela on Form 10-K, Quarterly Reports on Form 10-Q and Coura Reports nts on Form 8-K, including any amendment or rewording of, or supplement to, these reports, and the accompanying prospectus supplement and prospectus used for the offering of the Shares filed with the SEC.

Investor and / or media contacts:

Vincent Kondaveeti
E: vincent.kondaveeti@exelatech.com
Phone. : 929-620-1849

Marie Beth Benjamin
E: IR@exelatech.com
Phone. : 646-277-1216


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