Exela Announces Plans to Spinoff Its BPA Business to Maximize Shareholder Value

Core Viewpoint - Exela Technologies, Inc. is considering a spin-off of its wholly-owned subsidiary, Exela Technologies BPA, LLC, to enhance shareholder value [1][10]. Company Overview - Exela Technologies is a leader in business process automation, providing digital transformation solutions to over 4,000 customers across 50 countries, including more than 60% of the Fortune 100 [3]. - The company employs approximately 13,600 individuals and operates in 20 countries, utilizing foundational technologies in information management, workflow automation, and integrated communications [3]. Spin-off Details - The potential spin-off is being evaluated for its qualification as a tax-free distribution under U.S. federal income tax laws [2]. - If the spin-off occurs, Exela stockholders will receive shares of the newly formed holding company owning the BPA Business, while retaining their current shares in Exela [10]. - No action or payment will be required from Exela stockholders to receive shares in the spin-off [6]. - A registration statement with detailed information regarding the spin-off will be provided to stockholders prior to the distribution date [6][11].