Item 8.01 Other Events

On January 17, 2023, Exela Intermediate, LLC ("Intermediate"), an indirect, wholly-owned subsidiary of Exela Technologies, Inc. ("ETI") did not make the semiannual interest payments (the "Interest Payments") due under its 11.500% First-Priority Senior Secured Notes due 2026 (the "2026 Notes") and 10.0% First Priority Senior Secured Notes due 2023 (the "2023 Notes" and, together with the 2026 Notes, the "Notes")). As provided for in the indentures governing the Notes, Intermediate has a 30-day grace period to make the Interest Payments.

Intermediate is in advanced discussions with potential third-party sources of liquidity, and believes that it is likely that together with liquidity to be provided by ETI and its other subsidiaries Intermediate will have funds sufficient to meet the coupon payments due under the 2026 Senior Notes and the stub of the remaining 2023 Senior Notes during the grace period. However, there can be no assurance that Intermediate will be successful in raising sufficient capital to make such coupon payments.

Separately, ETI has filed its appeal to the Nasdaq delisting notice described in the Current Report on Form 8-K filed on January 6, 2023, and a hearing date has been set for March 2, 2023. The delisting is stayed pending the outcome from that hearing.





Forward-Looking Statements

This Current Report on Form 8-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the potential financing. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this Current Report on Form 8-K. These forward-looking statements are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of ETI. You should carefully consider the foregoing factors as well as other factors discussed in ETI's filings with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements.





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