Delisting and Deregistration Process - The company's Board of Directors approved the voluntary delisting of its securities from Nasdaq and deregistration under the U.S. Securities Exchange Act of 1934 [1] - The decision was influenced by the Nasdaq Suspension and expected reduction in operating expenses associated with continued listing and reporting [1] - Nasdaq notified the company on November 6, 2024, that its securities would be delisted due to violation of Nasdaq Listing Rule 5550(b)(2), as the market value of listed securities was below the minimum requirement of $35 million for 30 consecutive business days [2] - Trading of the company's securities on Nasdaq was suspended on November 8, 2024 [2] - The company intends to file a Form 25 with the SEC to voluntarily delist its securities from Nasdaq, with the delisting expected to become effective ten days after the filing [2] - Following the delisting, the company plans to file a Form 15 with the SEC to deregister its securities under the Exchange Act, which will suspend its obligation to file periodic and current reports with the SEC [3] Post-Suspension Trading and Company Rights - After the Nasdaq Suspension, the company's common stock and Series B preferred stock began trading on the OTC Markets system under the symbols "XELA" and "XELAP," respectively, effective November 8, 2024 [4] - The company reserves the right to delay or withdraw the aforementioned filings prior to their effectiveness and will issue further announcements if required under listing rules or applicable laws and regulations [4] Company Overview - Exela Technologies is a global leader in business process automation (BPA), providing digital transformation solutions to enhance quality, productivity, and end-user experience [5] - The company serves over 4,000 customers across 50 countries, including more than 60% of the Fortune® 100 [5] - Exela's software and services include multi-industry solution suites for finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector [5] - The company operates with approximately 15,000 employees in 21 countries, utilizing cloud-enabled platforms and a configurable stack of automation modules [5] Investor Relations and Media - Investors and media can access Exela's financial news by subscribing to Email Alerts on the Exela Investor Relations website [6] - The company's website and social media accounts may contain material information for investors, who are advised to monitor these channels in addition to press releases, SEC filings, and public conference calls [8]

IRVING, Texas, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), a leading provider of Business Process Automation solutions, today announced that it has been recognized as a Strong Performer in The Forrester Wave™: Task-Centric Automation Software, Q4 2024. The report evaluates the most significant task-centric automation providers, previously categorized under Robotic Process Automation (RPA), to help businesses identify the best-fit solutions for their needs. The ...

Exela Technologies, Inc. (OTC:XELA) Q3 2024 Results Conference Call November 29, 2024 4:30 PM ET Company Participants Matt Brown - Interim Chief Financial Officer Operator Good day, and welcome to the Exela Third Quarter 2024 Financial Results. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to [David ...

IRVING, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company’s financial results for the third quarter 2024 at 4:30 p.m. ET on November 29, 2024. Hosting the call and reviewing the results will be Matt Brown, Interim Chief Financial Officer of the Company. The conference call will be broadcast live on Exela’s Investor Rela ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36788 EXELA TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 47-1347291 (State of ...

IRVING, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company's financial results for the second quarter 2024 at 4:30 p.m. ET on August 28, 2024. Hosting the call and reviewing the results will be Matt Brown, Interim Chief Financial Officer of the Company. The conference call will be broadcast live on Exela's Investor Relat ...

Exhibit 99.1 Exela Technologies, Inc. Reports Second Quarter 2024 Results August 15, 2024 Second Quarter Highlights • Revenue of $245.7 million, down 10.0% year-over-year • Gross margin of 23.5%, up 120 bps year-over-year • Interest expense of $23.1 million, down 48.7% year-over-year • SG&A of $41.8 million, up 30.5% year-over-year • Operating loss of $2.4 million, vs $11.2 million operating profit, year-over-year • Net loss of $26.9 million ($25.7 million attributable to Exela Technologies, Inc.), an impro ...

Second Quarter Highlights Revenue of $245.7 million, down 10.0% year-over-year Gross margin of 23.5%, up 120 bps year-over-year Interest expense of $23.1 million, down 48.7% year-over-year SG&A of $41.8 million, up 30.5% year-over-year Operating loss of $2.4 million, vs $11.2 million operating profit, year-over-year Net loss of $26.9 million ($25.7 million attributable to Exela Technologies, Inc.), an improvement of $4.0 million year-over-year Adjusted EBITDA of $13.7 million, down 39.0% year-over-year IRVI ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |---------------------------------------------------------------------------------|--------------------------------------| | | | | Comm ...

This achievement underscores Exela's dedication to creating a supportive environment where all employees can thrive and reach their full potential. "Being named a 2024 America's Greatest Workplace, with perfect scores in Diversity and Mental Wellbeing, is a testament to our company's unwavering commitment to creating an inclusive and supportive environment where all employees feel valued, respected, and empowered to reach their full potential," said Carlos Mallen, Senior Vice President, Human Resources for ...