IRVING, Texas, April 11, 2018 (GLOBE NEWSWIRE) --Exela Technologies, Inc. (“Exela”) (NASDAQ:XELA), one of the largest global providers of digital platforms for Business Process Automation, announced today that Ex-Sigma 2 LLC, a stockholder of(the “Selling Stockholder”) had priced an underwritten secondary offering of 7,000,000 shares of Exela’s common stock at a price of
The offering is expected to close on April 16, 2018,subject to the satisfaction of all closing conditions.
Morgan Stanley and RBC Capital Markets are serving as joint lead bookrunning managers and Cantor and Nomura are also serving as joint bookrunning managers in the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.previously filed a registration statement (including prospectus) (File No. 333-219494) with the U.S. Securities and Exchange Commission(“SEC”), which was declared effective on October 2, 2017. A preliminary prospectus supplement relating to the offering has been filed with the SEC on April 10, 2018.
The offering will be made only by means of a prospectus supplement and the accompanying prospectus. Before you invest, you should read the registration statement, prospectus and prospectus supplement has made available with the for information about and the offering.You may obtain these documents, including the final prospectus supplement, when available, free of charge by visiting EDGAR on the website at www.sec.gov. Alternatively, copies of the prospectus and preliminary prospectus supplement may be obtained from the office of Morgan Stanley, Attention: Prospectus Department,
About Exela
Embracing complexity. Delivering simplicity.is a global business process automation leader combining industry-specific and industry-agnostic enterprise software and solutions with decades of experience. Our BPA suite of solutions are deployed across banking, healthcare, insurance and other industries to support mission-critical environments.is a leader in workflow automation, attended and unattended cognitive automation, digital mailrooms, print communications, and payment processing with deployments across the globe.
partners with customers to improve user experience and quality through operational efficiency.serves over 3,500 customers across more than 50 countries, through a secure, cloud-enabled global delivery model. We are 22,000 employees strong at nearly 1,100 onsite customer facilities and more than 150 delivery centers located throughout the
Forward-Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions. These forward-looking statements include statements regarding our industry, future events, the estimated or anticipated future results and benefits of the July 2017 business combination of Technologies, Inc.SourceHOV Holdings, Inc.and Novitex Holdings, Inc.(including its related transactions, the “Business Combination”), future opportunities for the combined company, and other statements that are not historical facts. These statements are based on the current expectations of management and are not predictions of actual performance. These statements are based on the current expectations of management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties regarding Exela’s businesses, and actual results may differ materially. These risks and uncertainties include, but are not limited to, changes in the business environment in which operates and general financial, economic, regulatory and political conditions affecting the industries in which operates; changes in taxes, governmental laws, and regulations; competitive product and pricing activity; failure to realize the anticipated benefits of the Business Combination, including as a result of a delay or difficulty in integrating the businesses of SourceHOV and Novitex or the inability to realize the expected amount and timing of cost savings and operating synergies of the Business Combination; and those factors discussed under the heading “Risk Factors” in Exela’s Annual Report on Form 10-K filed with the. In addition, forward-looking statements provide Exela’s expectations, plans or forecasts of future events and views as of the date of this communication.anticipates that subsequent events and developments will cause Exela’s assessments to change. These forward-looking statements should not be relied upon as representing Exela’s assessments as of any date subsequent to the date of this press release.
Contact:
Jim Mathias
W: http://investors.exelatech.com
972-821-5808
Source: Exela Technologies, Inc.