---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-059852"
form_type: "8-K"
ticker: null
cik: "0001620179"
company_name: "Exela Technologies, Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:34:57.526974+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Exela Technologies files 1-for-200 reverse stock split, eliminates special voting stock

## Summary
- Stockholders approved 1-for-200 reverse split at special meeting on May 11, 2023.
- Split effective 5:00 p.m. ET May 12, 2023; shares trade split-adjusted on Nasdaq from May 15.
- Approximately 6.4 million shares issued and outstanding immediately after reverse split.
- Company filed Certificate of Elimination retiring all redeemed shares of Special Voting Preferred Stock.
- Reverse split does not reduce authorized shares or par values; fractional shares paid in cash.

## SEC filing metadata
- accession: 0001104659-23-059852
- form_type: 8-K
- cik: 0001620179
- company_name: Exela Technologies, Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620179/000110465923059852/0001104659-23-059852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620179/000110465923059852/tm2315488d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-059852
- JSON: https://secwatch.observer/filing/0001104659-23-059852.json
- Plain text: https://secwatch.observer/filing/0001104659-23-059852.txt

## Key facts
- Governance Changes
  Exela Technologies, Inc.: Filed Third Certificate of Amendment to effect a 1-for-200 reverse stock split, reducing outstanding shares without changing authorized shares or par value (effective 2023-05-12).
  - Change: charter amendment
  - Effective: 2023-05-12
  source text: On May 12, 2023, Exela Technologies, Inc. (“Exela” or the “Company”) announced that it filed the Third Certificate of Amendment of the Company’s Second Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Amendment”), with the Secretary of State of Delaware, to effect a 1-for-200 reverse stock split
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620179/000110465923059852/0001104659-23-059852-index.htm
- Governance Changes
  Exela Technologies, Inc.: Filed Certificate of Elimination to retire all previously redeemed shares of Special Voting Preferred Stock, eliminating references to that series (effective 2023-05-12).
  - Change: charter amendment
  - Effective: 2023-05-12
  source text: On May 12, 2023, the Company filed a Certificate of Elimination (the “Certificate of Elimination”) with the Secretary of State of the State of Delaware retiring all previously redeemed shares of the Special Voting Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620179/000110465923059852/0001104659-23-059852-index.htm
- Shareholder Votes
  Exela Technologies, Inc. shareholders approved Reverse stock split of common stock at ratio of 1-for-100 to 1-for-200 at the 2023-05-11 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: - 2 - The vote was as follows: For 39,630,471,698 Against 35,761,337,063 Abstain 4,964,622 2. To approve one or more adjournments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620179/000110465923059852/0001104659-23-059852-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.