Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

The Certificate of Designations (the "Certificate of Designations") filed by Exela Technologies, Inc., a Delaware corporation ("Exela" or the "Company") for its 6.00% Series B Cumulative Convertible Perpetual Preferred Stock ("Series B Preferred Stock") became effective upon filing with the Secretary of State of the State of Delaware on March 11, 2022. The terms of the Series B Preferred Stock are more fully described in the Certificate of Designations which is included as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference herein.




Item 8.01 Other Events

On March 11, 2022, the Company announced the acceptance of all shares validly tendered in its previously announced offer to exchange up to 100,000,000 shares of its outstanding common stock, par value $0.0001 per share (the "Common Stock"), for its 6.00% Series B Cumulative Convertible Perpetual Preferred Stock ("Series B Preferred Stock"), with each 20 shares of Common Stock being exchangeable in the Offer for one share of Series B Preferred Stock having a liquidation preference of $25.00 per share of Series B Preferred Stock (an effective price of $1.25 per share of Common Stock) (the "Offer"), upon the terms and subject to the conditions set forth in the Offer to Exchange (as amended and supplemented from time to time, the "Offer to Exchange") and the related Offer materials (as amended and supplemented from time to time, the "Offer Documents"), which expired at 11:59 p.m., New York City time, on March 10, 2022. Pursuant to the terms of the Offer to Exchange , the Company has accepted all 18,006,560 shares of Common Stock validly tendered in the Offer in exchange for 900,328 shares of Series B Preferred Stock.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.                                 Description
  3.1           Certificate of Designations, Preferences, Rights and Limitations of
              Series B Cumulative Convertible Perpetual Preferred Stock, dated
              March 10, 2022(1)








*Filed herewith.

(1) Incorporated by reference from Exhibit (a)(1)(N) to Amendment No. 11 to


     Schedule TO, filed by the Company with the Securities and Exchange Commission
     on March 11, 2022.




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