Edition:
United States

Exela Technologies Inc (XELA.OQ)

XELA.OQ on NASDAQ Stock Exchange Capital Market

5.53USD
23 Feb 2018
Change (% chg)

$0.17 (+3.17%)
Prev Close
$5.36
Open
$5.39
Day's High
$5.98
Day's Low
$5.21
Volume
7,421
Avg. Vol
17,515
52-wk High
$10.10
52-wk Low
$4.45

Latest Key Developments (Source: Significant Developments)

Exela Technologies posts Q3 ‍net loss $130.5 mln vs loss of $16.7 mln
Thursday, 9 Nov 2017 04:10pm EST 

Nov 9 (Reuters) - Exela Technologies Inc :Exela Technologies reports third quarter 2017 results.Sees FY 2017 revenue $1.45 billion to $1.47 billion.Q3 revenue rose 12.2 percent to $358.2 million.Exela Technologies Inc says ‍total revenue for quarter ended September 30, 2017 was $358.2 million, an increase of 12.2 pct from $319.1 million in Q3 of 2016​.Exela Technologies Inc says ‍net loss for quarter ended September 30, 2017 was $130.5 million compared with a net loss of $16.7 million in prior year's Q3.Exela Technologies Inc says FY ‍further adjusted EBITDA is expected to be in range of $350 million to $370 million​.Exela Technologies Inc says ‍on Nov 8, 2017, board authorized share buyback pursuant to which co may, from time to time, purchase up to 5 million shares.  Full Article

Exela Technologies’ warrants and units to be delisted from Nasdaq
Wednesday, 13 Sep 2017 04:46pm EDT 

Sept 13 (Reuters) - Exela Technologies Inc :Exela Technologies’ warrants and units to be delisted from the Nasdaq stock market; common stock listing is unaffected.Exela Technologies Inc - ‍company does not intend to challenge Nasdaq's determination regarding warrants and units​.  Full Article

Exela Technologies reports Q2 revenue of $350 million
Wednesday, 9 Aug 2017 04:15pm EDT 

Aug 9 (Reuters) - Exela Technologies Inc :Exela technologies reports second quarter 2017 pro forma financial results.Q2 revenue $350 million.  Full Article

Exela Technologies files for offering of up to 146.7 mln shares by selling stockholders
Thursday, 27 Jul 2017 06:04am EDT 

July 27 (Reuters) - Exela TECHNOLOGIES Inc :Files for offering of up to 146.7 million shares of common stock by the selling stockholders - SEC filing.  Full Article

Quinpario files for shelf offering of up to $255 mln ‍​of common stock
Thursday, 6 Jul 2017 06:13am EDT 

July 6 (Reuters) - Quinpario Acquisition Corp. 2 :Files for shelf offering of up to $255 million ‍​of common stock by selling stockholders.  Full Article

Quinpario - offering of $525 mln aggregate principal amount of first-priority senior secured notes due 2023
Wednesday, 28 Jun 2017 04:07pm EDT 

June 28 (Reuters) - Quinpario Acquisition Corp. 2 ::Affiliates of Quinpario Acquisition Corp. 2 announce pricing of notes offering.Quinpario acquisition corp. 2 - offering of $525 million aggregate principal amount of first-priority senior secured notes due 2023.Quinpario acquisition corp. 2 says also upsized offering to $1,000 million of aggregate principal amount of notes.  Full Article

Quinpario Acquisition Corp. 2 affiliates announce proposed notes offering
Monday, 19 Jun 2017 07:23am EDT 

June 19 (Reuters) - Quinpario Acquisition Corp. 2 ::Affiliates of Quinpario Acquisition Corp. 2 announce proposed notes offering.Quinpario Acquisition Corp. 2 - units are proposing to issue $525.0 million aggregate principal amount of first-priority senior secured notes due 2023.Quinpario Acquisition Corp. 2 - units also proposing to issue $300.0 million aggregate principal amount of senior unsecured notes due 2024.Quinpario Acquisition - notes are being issued to finance, in part, pending business combination of Sourcehov LLC, Novitex Holdings, Inc, co.  Full Article

Quinpario Acquisition Corp 2 sees 2017 revenue $1,450 mln-$1,550 mln
Monday, 3 Apr 2017 09:38am EDT 

Quinpario Acquisition Corp 2 :Quinpario Acquisition Corp 2 sees 2017 revenue $1,450 million - $1,550 million, 2017 capex about $50 million.  Full Article

HOV Services approves business combination with Quinpario Acquisition Corp.2
Wednesday, 22 Feb 2017 12:57am EST 

HOV Services Ltd : Approved business combination of Sourcehov Holdings Inc., and Novitex Holdings, Inc. with Quinpario Acquisition Corp.2 . Transaction valued at $2.8 billion .Purchase price will be funded through a combination of $1.35 billion in new debt financing, cash from Quinpario, rollover equity.  Full Article

Novitex and Sourcehov to merge with Quinpario to form Exela Technologies in $2.8 bln deal
Tuesday, 21 Feb 2017 10:34pm EST 

Quinpario Acquisition Corp. 2 : Affiliates of Apollo and HGM agree to combine novitex and Sourcehov with Quinpario acquisition corp. 2 to form exela technologies, a public company in a transaction valued at $2.8 billion . Combined company is expected to have approximately $1.5 billion in revenue in 2017 . Ddeal price funded through combination of $1.35 billion in new debt financing, cash from quinpario, rollover equity and cash on hand . Shareholders of sourcehov and novitex are rolling 100 percent of current equity, and will be majority shareholders of combined company . Quinpario acquisition corp- proposed transaction includes committed financing from royal bank of canada and credit suisse . Says combined company will have a board of directors consisting of eight members .Combined company to be listed on nasdaq global select market.  Full Article

BRIEF-Rotation Capital Management Lp Reports 6.7 Percent Passive Stake In Exela Technologies As Of Dec. 31, 2017

* ROTATION CAPITAL MANAGEMENT, LP REPORTS 6.7 PERCENT PASSIVE STAKE IN EXELA TECHNOLOGIES INC AS OF DECEMBER 31, 2017 - SEC FILING‍​ Source text - (http://bit.ly/2nOUTWh) Further company coverage: