{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-031828","form_type":"8-K","ticker":null,"cik":"0001620179","company_name":"Exela Technologies, Inc.","filed_at":"2023-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.854820+00:00","generated_at":"2026-06-18T04:28:41.401043+00:00","sec_items":["1.01","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Exela creates special voting stock to secure reverse split approval for Nasdaq compliance","bullets":["Created 1M Special Voting Stock shares (75,000 votes each) issued to GP-HGM LLC for $100.","Special Voting Stock voted proportionally to common and tandem preferred on reverse split (1:100-1:200).","Reverse split needed to meet Nasdaq $1.00 minimum bid price; delisting risk exists.","Shares to be redeemed for $100 on first business day after vote conclusion.","Series B and Tandem Preferred authorized shares reduced from 8.6M to 8.1M to accommodate."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-031828","json":"https://secwatch.observer/filing/0001104659-23-031828.json","markdown":"https://secwatch.observer/filing/0001104659-23-031828.md","text":"https://secwatch.observer/filing/0001104659-23-031828.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923031828/0001104659-23-031828-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923031828/tm239068d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T04:28:41.401043+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"40882b82f4db165108072ecaf8571c76dda8018b","claim":"Exela Technologies, Inc.: Stockholders will vote on a proposed amendment to the certificate of incorporation to effect a reverse stock split at a ratio between 1-for-100 and 1-for-200 (effective 2023-03-13).","evidence_excerpt":"At the Special Meeting, stockholders will be asked to approve the adoption of an amendment to the Company’s certificate of incorporation (the “COI”) to effect a reverse split of its outstanding common stock at a ratio in the range of 1-for-100 to 1-for-200, to be determined at the discretion of the Company’s board of directors","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923031828/0001104659-23-031828-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-03-13"}],"fact_type":"governance_change"},{"claim_id":"effe0b3c4c99dbb185eb75007708cd31c41c1211","claim":"Exela Technologies, Inc. entered into Voting Agreement with GP-HGM LLC (effective 2023-03-07).","evidence_excerpt":"On March 7, 2023, the Company entered into the Voting Agreement with GP-HGM LLC (the “Special Voting Holder”), providing that the Special Voting Holder purchased 1,000,000 shares of Special Voting Stock from the Company for an aggregate purchase price of $100","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923031828/0001104659-23-031828-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"GP-HGM LLC"},{"label":"Effective","value":"2023-03-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}