Exela Technologies Pref XELAP

Exela Technologies, Inc. is a leader in the automation of business processes and operates through three segments: Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS). Founded in 2017 and headquartered in Irving, Texas, Exela was created through the merger of SourceHOV LCC, Novitex Holdings Inc., and Quinpario Acquisition Corp. 2. The company now operates in over 50 countries across the world.

As of 2022, Exela Technologies provides digital transformation solutions, which enable companies and businesses to enhance their quality, productivity, and end-user experience. The new Series B Preferred Stock provides special equity security that has properties of both equity and debt, whilst also giving preferred shareholders dividend priority over common stockholders.

The growing demand for Exela’s information and transaction processing solutions has developed a growing roster of 4,000 customers across the world, including 60% of the Fortune 100. Such success has culminated in a $12 million 3-year contract with a communications leader in Europe. Exela Technologies is listed on the Nasdaq, where you can trade their Series B Preferred Stock under the ticker XELAP.

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