secwatch.observer — SEC 8-K summary
======================================

Issuer:     Exela Technologies, Inc. (—)
CIK:        0001620179
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001104659-23-059852
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620179/000110465923059852/0001104659-23-059852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620179/000110465923059852/tm2315488d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-059852

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer